There is an incredible amount of points to consider when weighing the options on something like this and honestly, I don't recommend it to very many people at all ....even seasoned tradesmen and investors.

Quote from @Daniel Windingstad: Quote from @Obed Calixte: Some people have the personality, processes and systems & time to self manage, some do not.

People might be taking advantage of the rising prices.

Think about where those people hang out and network. 

Similar to what Patrick stated - most have ITINs and have seen a lot of loans like that and those are sold many times on secondary market. if not I know people who still originate I would say they are tougher to sell on secondary market but there are still buyersRe: jay comment - price of notes has doubled over past five years on many loans - especially defaulted or loans with some hair too them. 

Most people don’t want to sell a property and walk with zero dollars.

There are numerous reasons why people want to be wealthy.

Hopefully the permitting people are nice and will offer some guidance.  

Sell a ton of properties to 1031 people in Memphis.

I've listened to a lot of BP podcasts and other real estate youtubers, but most of those people invest in places where real estate prices are 3 or 4x what they are here.