That's just not the case in my area where homes in a decent area start around $450K - that's a steep downpayment that would take me forever to come buy.

Case in point, Treasury Secretary Janet Yellen recently testified in front of Congress and expressed explicit concern over non-bank mortgage lenders.

Depending on what state you're in, courts may find that the Vendee's interest under an agreement for deed (the one buying the property) is an equitable interest in the property, which is why the Vendor (the one selling the property) has to foreclose the Vendee's interest in case of a default. this is the case in ORegon and washington  and one uses a Strickt foreclosure process.

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(Talk about the OPPOSITE of what entrpreneurship is...)The most successful people I know in this business are those who realize - they DON'T have to do it alone.I was the person who had been burned in a few really bad partnerships (case in point, my first 5 deals), and then grinded my way to 10, then 30, then 80 deals a year with just me and only one other person....but I didn't realize how quickly I could grow, how much more I could learn and scale once I set that aside and trusted people.

I have just never heard anyone make the case in favor of SFH. 

My opinion, in your case in would be Washington state.

Some will say they take the money and buy or lend against real estate but read the fine print, you are an unsecured lien holder (this is the case in 99.9% of offerings that show returns above 13%.)3.

@Jonathan Klemm thanks for the mention@Jane Mun this is definitely a unique type of case in terms of compliance with the Building and Zoning Departments.

Thats not the case in most states, the foreign registration is equal to or exceeds the cost to file a domestic entity.