So while it's kind of a pain right now, I think it's not a bad thing for MTR operators - especially new ones - to have to do this kind of deep dive.

I made my first post about 6 months ago, a lot has happened that has slowed progress but not stopped it.

Since they are solely transaction based and don't have to deal with tenants after they move in:1) Many are only interested in getting their commission and moving on2) Many think they are doing everyone a favor by working with a lease client, because they could be making so much more working on sales transactions3) Many complain about screening processes as they only see them as:---Potentially costing them their commission if their client isn't approved or finds something else during the process---Slowing down their commission payment4) NEVER allow an agent to screen a leasing prospect as they have a conflict of interest!

I was used to doing deals in jackson MS and Birmingham so I was a little shocked when i saw the as is price there in Charleston.. 6X or more higher than other parts of the deep south.

- when I dive into the deep due diligence, am I most likely going to find something that crushes the deal and makes it not feasible?

I suggest to make deep research about the location and risk or ask experts personally before take actions. 

I can only assume there's a learning curve that comes with it, and since an average builder wouldn't be quite familiar with IFCs, I can also assume that municipalities that govern them wouldn't be familiar with that either causing a slow influence.

Groups like to advertise the "wins" on their websites, but they aren't showing the current losses and deals on the brink of foreclosure.Find an actual person in your market, who has actual and deep experience to partner with on your first few investments. 

Do you have the capital to weather the super slow seasons if you have them?

Personally, we are diving deep into buying and operating businesses that potential to conservatively achieve 20%+ cash on cash returns.