Through our personal blood, sweat, tears and money, we renovated it to a solid C - replaced furnaces, hot water heaters, kitchen cabinets, flooring, etc. 

lol this is like blood in the water to us realtors.  

Maximum financing however, is available for: Borrower related by blood, marriage or law, such as - Spouses - Parents-children - Siblings - Stepchildren - Aunts-uncles and - Nieces-nephews or Unrelated individuals who can document evidence of a longstanding, substantial family-type relationship not arising out of the loan transaction.

When you factor in the long list above, add in the long term liability of a 2-10 year warranty, the profit margin's no longer justify the risk.Building is in my blood, I am very good at it and I used to love it, but the game has changed.

“Dwelling that is solely owner-occupied, including: (i) One additional individual who is not a minor without regard to the relationship of the individual and without regard to the number of minors in the dwelling unit related by blood, marriage or adoption to the additional individual or under the legal custody of the individual; and(ii) Individuals related by blood, marriage, or adoption to or under the legal custody of the owner”

The credit belongs to the man who is actually in the arena, whose face is marred with sweat and dust and blood who strives valiantly; who errs and comes short again and again; who knows the great enthusiasm, the great devotions and spends himself in a worthy cause; who, if he wins, knows the triumph of high achievement; and who, if he fails at least fails while daring greatly, so that his place shall never be with those cold and timed souls who know neither victory nor defeat. 

Zillow has been creating some bad blood in my local market, and I would not be surprised if in the near future (2-3 years) that our local MLS cuts them off.

And while the 50% equity might be reasonable, the 20% interest would be too high by itself.But 20% interest plus 50% seems way to rich for my blood...

Petersburg has some deals but with the exception of the great job they've done updating downtown and Central Ave it is still too iffy for my blood.

The bad part is that there have been so many dealing in RE, as their business or just casual participants in investing that never understood that something they were doing was unethical or even illegal, there are those that really think getting all the other guys money and his blood is business, it's not, not in any business.