Greenville has a little better population growth and is about 90K people, roughly the size of Rocky Mount and Wilson combined.

sounds like a lot of smaller dollars  IE under 100k investors.. so usually not worth litigating over money wise and then someone who gets over his ski tips .. never intended to end up with all these pissed off and wrong investors but once you Rob Peter to Pay Paul you rarely recover.. 

If you are pitching these models/investments to someone else, including this does make you seem more sophisticated & safer to go with than someone who doesn't, but the reality is they are rarely used to make actual decisions.

I'd rather talk to 5 motivated sellers per week than 100 unmotivated sellers.I have a 30-day marketing plan for active foreclosures that includes a combination of personalized letters, text messaging and door knocking and I attempt to make contact with the homeowner up until 24 hours before their auction date. 

Hey mate,Thick skin is needed on this forum and in business in general 🤷‍♂️I just posted something similar on another thread and the best advice I can give is spending enough time finding the right people on the ground before looking at the prospect of a market or a deal.Especially when doing BRRR out of state which is a very tough gig IMO.You can find the best market, with the best growth potential, find the best deal with the best cashflow but if your realtor isn't genuine, your property manager is incompetent and your contractor is a cheat.You will loose money.Also, underestimate your income and overestimate your expenses on every deal and business opportunity.If you think it won't happen to you, I can tell you right now that it unfortunately will...I've completed hundreds of flips and rarely come in at budget from a rehab standpoint.So keep that in mind.Appraisers are a joke and easily manipulated.They follow weird data and many want to cap you intentionally (No idea why...) on the ARV.They play it safe and can see how much you paid and what you spent on rehab so they will cap the value and come in under fair value on many appraisals.I stopped dealing with selling to investors looking to finance many moons ago as it wasn't efficient from a business perspective and I'm not in the business of using "in-house" lenders and manipulating appraisals like many others do. 

As Dave mentioned, a cost segregation study combined with a 1031 exchange could be a good route for you.

I find that it's very rare that a lender will actually close at this amount of leverage because they would typically be putting up a much larger amount of funds than the property would be worth at the time.Has anybody actually worked with a lender that did fund based off of the LTARV?

If there is no motivation for a seller in real estate, it's pretty rare to find a deal.

A big advantage of renting room to room is that its rare for all the rooms to be vacant at once so your exposure is lower.Good Luck,Mark Villanueva  

Just about anything online is going to be so competitive that you rarely if ever will find a deal.