Yes, they sometimes ask for extra types of security if they're worried about the borrower's ability to repay.

(Insert hollow apology, repeat the one compliment and how it means you have some grandiose company culture cultivated by YOURS TRULY, in an attempt to reassure future investors that "this investor, [despite his ability to understand simple numbers about investment returns], just doesn't get it.)"

)  - 60K in cash for downpayment +more for renovations- Strong local connections with contractors of all trades - Ability to get building materials at cost through family/business connections- Have a strong eye for style and design (Tends to lean on the high end of things as that is my business)  - 750+ Credit.

Your analytical abilities as a software engineer can be useful in assessing characteristics and financial data.

It's not only the rehab but the ability to market and sell the property before the balloon payment comes due. 

From my experience, a person typically has to mail out thousands of letters to get a small response.Out of the small response a person needs to be able to know how to structure and the ability to close the deal.

IN about 2 years or so I will be doing a Bill Gully and retiring from BP..

I was told that offerings that we see on sites like fundrise may be inexperienced or not the best syndicators that may prey on inexperienced investors who don't have the ability to participate in syndications because of a lack of substantial capital and that capable syndication operators would not resort to posting on sites like that because they have a group of investors that trust them and they don't have to share a fee to the site.

So having a proper scalable strategy, getting your numbers correct, and ability to stick to it in spite of short term pain is what makes you wealthy over 10-15 years.

The issue is that if I choose to invest in LTRs not in Coastal Carolina, I lose the ability to monitor and check in on the property without a very long commute.