I've been a contractor in Chicago, Illinois for over 10 years and I've worked with a number of investors. 100% of them used hard money, pooled their money together, had their own money (business people, athletes, professionals, etc.), or had bank lines of credit.

Jorge Patino give Rent Recovery Solutions a call.

I just put a home under contract near Bridge Street and Research Park as a rental for for my daughter that's a student-athlete at UAH.

Of course, with only 1 vacant unit, it's probably a decent property in a decent market and location, not a D asset in a war zone.SFH isn't performing as well these days.Rents are going up, and finding qualified tenants is not a problem (we always have a replacement tenant lined up with lease signed and SecDep collected before the previous tenant moves out), but the metrics have suffered due to rising SFH values.Where we used to be at a GRM around 8.33 (or so-called "1% rule"); thereby yielding a 6.6 Cap assuming a 45% OER, prices have increased disproportionately to rents and our portfolio Cap Rate is now closer to 5.5% or lower (fact is, even if your SFH is fully remodeled like ours are and therefore have very little R&M or Replacement Reserves, NH RE Taxes are high enough to put you at or near 45% OER).Not that I'm complaining about our asset values heading up (it's about time the RE recovery came to the tertiary markets of NH), but the ROE it's causing is tough to live with; especially given the lost economies of scale when comparing a portfolio of SFH to a large MFH complex.

Experienced investors play a key role in the housing recovery", it said.This is a truth.Real estate investors buy foreclosed homes, multi-unit properties, and vacant condos as a means to build wealth long-term.And now, with rents out-gaining the rise in home prices in U.S. cities such as San Francisco, California; Fort Worth, Texas; and Seattle, Washington, investor types are clamoring for good homes -- especially with financing so cheap.15-year mortgage rates with points are below 3 percent.Despite market options, though, investors can find it hard to find banks which offer financing for people with more than 4 properties already financed.Even seven years later, Fannie Mae's 5-10 Properties Financed program remains a niche product.Maybe you've been turned away by your bank, too.

@Sue Swami, Just a few thoughts:1) To address your question about renting in this area for a couple years before doing a scrape and new construction - This is a great strategy in a down turn, and if the recovery is just starting.

I do not see many pro athletes/actors hurting because of their behavior.

I read that article and the funny thing about them is that it seems one person thinks we are on the road to recovery and the next thinks our economy is going to fully collapse.

National number blend the good and the bad.There may be some areas that will take many years to recover, but other areas of the country that will experience some form of recovery in the near future.I think it is very important to understand your market and those factors that may effect in the future.

Recovery Abounds