I'm new the notes world and frankly the 3-year locked in PPR preferred return of 12% seems almost too good to be true if they in 16 years have never missed a payment or failed to repay principal.

Trying to get into the nuts and bolts of how he was trying to source a location, project size of preference, what type of financial modeling he does, what kind of tenants he was hoping to attract/the strategy behind it, if he was doing any joint ventures or had done any in the past, if he had taken part in any syndications, what management strategies he was implementing with his current properties to maximize lease uptime and profit, what types of leases he generally favored contracting for his properties--all of that was like pulling teeth.

I doubt we will buy off the MLS but I am trying to find a good way to visualize MLS data so that I can plan our next purchase and get a "steal" that I will have instant equity or rehab for equity with the goal of getting a decent HELOC going.Because real estate values are so location based, it is hard for me to process the data on a spreadsheet, because I'm constantly trying to project it onto a map in mind.To know if what I'm looking at is a deal, I would like to be able to see $/sq.ft. data visualized on a map with either current listings or preferably sold properties. 

Hey Sai, I am an agent in Cincinnati and Northern Ky, and if you are interested, I would love to see if your preferences fit this market.

Talk to a trusted lender (preferably local) about what loan options are available to you.You can absolutely find some solid SFRs or even multi families around, but the cash flow on many will be lower the first few years, unless you are willing to do some value add work or buy in distressed areas with less expectation for future appreciation or price stability.If the goal is to have value down the road to cash in for a pivot, don't forsake appreciation for maximum cash flow.

Partition your investments from what you would do on your own home or what you prefer.

Most DSCR lenders actually prefer you to own the property in an LLC, although some do allow you to close in a personal name.

If you prefer to stay local and build equity, house hacking a duplex or triplex in Fort Lauderdale could work, especially if you can add an STR component to boost income.

Single family or vacation rental (prefer a home rather than condo, townhome, etc) with high or moderate STR (short term rental) value.. in various markets nationwide.

Does he earn a preferred return for putting up all the capital?)