I agree I need to re-run the numbers with homes that have higher CAP rates and see if the numbers start to look more attractive.

I understand that an advantage of note ownership is that its typically viewed as a more passive investment (no 3am toilet phone calls) and that is what attracts me to this concept. 

They sent a term sheet which was actually downright attractive so I paid the $197 application fee.

What makes these areas particularly attractive for investment?

Jude Children’s Research Hospital provide economic stability and job growth, attracting residents and supporting the housing market.

So, he's been blackballed on the buying notes side by everyone I know but he's continuing to operate on the capital raising side because he's good at attracting people who don't know his reputation.On a personal level, Scott reached out to me a couple of times via BP and LinkedIn years ago.

.- Family Appeal: With good schools and amenities, it attracts families, making it a desirable area for potential buyers.2.

In fact I'd bet the opposite is true as the cheaper houses will have more issues come up in inspection and attract a class of buyer who is more likely to have issues come up with the mortgage. 

I would make your drop significant enough that it attracts attention.I also recommend really studying the market.

Hopefully that attracts more work for the construction company.I have a Facebook page for helping people with their house issues.