-No clunky remote with 50+ buttons that hasn't been redesigned since 2003 that guests need in addition to 1-2 other remotes to perform basic functions.

I would say we buy poorly performing properties, but not non-performing properties. 

Some mentees will act as a bloodhound for the mentor, knocking on doors, driving for dollars, scouring the internet, making cold calls, or performing other services that help the mentor find new deals.

You can do DSCR loans /Bank statements/ Hard money loans, where they only focus on how well the subject property performs in terms of the rental aspects or the ARV aka after repair value.

All-in-all - good performance in 1-2 bed properties - great performance in 3 bed properties - excellent performance in 4 bed properties and fabulous performance on 5+ bed properties that only make up 2% of the total inventory in a destination that is central for reunions. 

Can someone help explain non performing notes to me?

The only way t estimate execution of repairing/refurbishing or remodeling of a structure is to physically perform an estimate.

Some mentees will act as a bloodhound for the mentor, knocking on doors, driving for dollars, scouring the internet, making cold calls, or performing other services that help the mentor find new deals.

The 80,750-SF grocery-anchored neighborhood center, which traded at a 6.5% cap rate and was 92% occupied, has had The Fresh Market as its anchor tenant for the past 12 years.Higher up the pricing spectrum, unanchored and open-air shopping centers may see cap rates above 7% and occasionally push into the 8% to 9% range as specific market and quality factors influence each transaction.In the open-air shopping center segment, Nuveen sold the 1 MSF Fayette Pavilion to 5Rivers CRE, a private buyer from Houston, for $134 million, or $128/SF.

Someone with basic education can perform one, especially as digital records become more available.