The most common answer, especially in recent times, is highly levered, floating rate debt.This is not the only answer, by any means. 

It's very difficult to get SFR to cash flow these days with interest rates as high as they are.

You have to have exit values of single family homes high enough where build cost can work.

The "+/-" isn't based on the high or low end of the sq ft range, it's based on the differences in quality, or finishes, or the specific location within that micro-market. 

Its market-ready condition and strong local demand made it ideal for a fast, profitable transaction, aligning perfectly with Partner Driven’s strategy of securing high-yield properties in promising locations.

Wade returns for non performing notes has tightened and is now in high teens low 20's.

For the PA investors out there or maybe in other states with high transfer taxes (2% of property value).

I know your involved at a high level with Board of Realtors and state regulators .. 

That being said, booking.com had a high occurrence of fraud so we no longer use them.

Until he wasn't.Sometimes people change due to pressures we don't see, and sometimes people are just like m&ms . . . dark on the inside with pretty painted shells.