If you can't make a distinction, then you haven't defined your criteria well enough yet.

Because obviously there was no skill or courage involved, and houses will definately be cheaper in 20 years. 

I believe it is a larger issue than what we define as the economy, which is mostly measured in corporate profits and Wall Street performance, this is not what the average person perceives.

From my experience, success in real estate investing starts with clearly defining your goals and continuously educating yourself through podcasts, books, forums, and courses.

You have already seen the downside of a historically zero appreciation market (zero appreciation I define as historically below the rate of inflation).  

The numbers don't make sense to me, based on their descriptions.The most dubious is "First page search impression rate"Airbnb defines it as the percentage of time your listing shows up in the top 10 results when a guest searches for a location/date.I have 30 listings in a market with 20,000+ homes available, and they all have a "First page search impression rate" of 40-60%. 

@Dave Foster Can definately help.

Our needs got clearly defined last week when we tallied up the rehab cost on a midsized flip project, at $51k vs the $40k max we had budgeted.

Always formalize the agreement in writing to define costs, profits, and contingencies clearly.Let me know if you need help structuring the deal or exploring funding options.Best,Drago

For a "Professional" developer, defined as someone with 24 projects in the last 3 years, the minimum score drops to 660 and the down payment is only 10% with a 9% rate and 1.0% fees.