Then part of your loan leaves the property and becomes an unsecured creditor.  2- It would have to be a very small fund to be able to find attractive loans in a limited geographical area.  

For example it is waterfront, is a flat cleared lot next to a tourist attraction with insufficient parking, it is positioned next to a church or other type of building that may need overflow parking, in between to meticulously maintained houses, or in an amazing school district.

This (hopefully) generates more revenue than the home would otherwise attract as a single family home.

But I think we all agree that it's easy to get burned in these midwest markets that are attractively priced.

Hey Andre I live in Wr, operate a STR and a MTR in so I have experience working with the city quite a bit.Their website is pretty straight up with the information and calling the ladies who run the program have been pretty helpful too.

I honestly don't know the demands in the current market  SFR on the other hand, I can do an entry level home with an attractive price point on both lots,  New duplexes near this area in are bringing $1,500 + that I'm aware of. 

College towns naturally attract students who may become applicants for your rentals anyway.

If You can t grasp the concept of ConC returns with triple net leases you won t be able to minimize risk.Walgreens triple net leases a building and runs a retail business within the building trying to attract customers thru it’s doors.

ok I know a lady who is getting hers from some title companies that is why I was asking about that. 

I have been attracted to this area of MI since I started exploring real estate and it seemed to provide an opportunity for us to get in the game with out of state rentals without spending a ton of coin.