But I have no problem in telling someone to focus in another market depending on their investment model & goals they're trying to achieve.

There was a guy on BP back a few years ago doing this model in San Antonio  he was buying 10k as is Junker's then selling them to Hispanic non English speakers for 70k on contract and he wanted CA investor to pay 50k for these notes and he made the delta..

I help investors all the time analyze anything from smaller SFR's to the larger MFR's complexes through my financial model I built so please let me know if I can be of assistance if you come across one you like.

It’s more of a marathon than it is a sprint.Account Closed It sounds like you have a great model going.

HML facilities are pretty cut and dry.but the borrowing against our notes was when I was in the Land and Timber business.. we would log a track  sell it to a home owner on contract but it would take a year or two for them to go through planning get their house designed etc.. and then when construction loan was ready we would get taken out.Generally when we did these the logs paid for the dirt so we owned the property free and clear and would sell the parcels for 150 to 300k ( our profit)  but could not run our machine collecting 2k a month in a payment so we would borrow 50% against them at our bank still positive cash flow and had the money to buy another timber track.. as these were generally all cash purchases..I suppose those that do the brrr with owner financing could run the same model.. ???

One of their properties look very interesting but their deal model seem to be aggressive and non-traditional. 

A detailed forensic study with a full 32 division building code tax asset detail will generally cost a bit more than a modeling or sampling study that isn't as accurate or detailed.

Often times to the detriment of their core business of REI.Now, I have no problem with this type of business model, even though I now eschew it.

I am able to use a $1/sf model for repairs & capex combined.

You have to make sure the person or company over the association is not siphoning money and is also being a good steward of the funds balancing the budget and tracking repair items.Special assessments could kill your cash flow model.