Places where these can be converted to condos or sold as TIC fractional interests will give you an even better upside.

It looks like you can purchase a few multi family units for a fraction of the price that you'd pay in LA/SD though.I will also look into the Midwest market @Lee Ripma, but I have to admit I know nothing about that area.Commercial is not something they'd like to pursue at this time.

These could be passive fractional investments in leases held by publically traded companies with the leases guaranteed by the national credit tenant. 

Fractional ownership of a site leased to a tenant. 

The sales agreement would extend me the option to repurchase their shares in the LLC at   some future date for their purchase amount plus a specified annual fee, for each year they held it or some   fractional amount thereof.

Hi Barbara,If you hired ten subs to install your pool you will have ten variances in technique.If in the hiring process you obtained three bids, asked for references, called the references, checked the contractors board for complaints, you would have a comfort level with your sub.Historically, a pool will bring a fraction of the money spent for a return. 

What would you prefer, a 5% return and then the home is worth a fraction of what it actually is now?

And it's also nice to know that if there is some sort of disaster, like a tree falls on a roof, that it's only going to affect a fraction of our business while repairs are being done rather than all of it, as well as the relatively low capital to get into them.However, that being said, I have a client who just closed on 6 bedroom that has a $150k a year guarantee from one of the PM's in the area (the PM's are an entirely different conversation).Now that we have gotten completely off subject... as far as Winston Salem, I'm inclined to agree with Lucas and @Paul Sandhu although Paul makes it a lot funnier than anything I have to say.

I have no interest personally in that end of the business.. some of those notes will hit great yields others can lose money and then everything in between.. our note folks like consistent yields and its the end of the world if  the payment is 2 days late.. although 90% of the payments we set up for our investors are ach so that does not happen much.I think I recall you posting about going in on a fractionalized note.. those in the right setting work fine.when I had my HML company in Oakland CA in the lateer 80s  that's literally all we did..

The above are differences bankers dont want you to know about (besides fractional reserve banking).