They also tend to offer good cash flow relative to their cost, especially in areas with high demand for affordable housing.

Quality of the tenants2.

Completely agree with you on this; I'm not making any claims to the quality of these lenders here.

As far as Lance Kawaoka's claim that the reason there wasn't much response to a post about checking on the quality of a large, well-known, super-markety sponsor is that members wouldn't want to declare that they are a high net worth individual just doesn't hold water.

Are you looking to submit just a small list, find a skip tracing service that does not have high spend minimums but rather flexible spending option for low or high volume. 

@Jay Hinrichs which BTW, 6% is high.

The profit was used to buy a higher quality SFH in the same area.

Here's some basic copy & paste info that may help you make better investing decisions:----------------------------------------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

- Property Managers that you would highly recommend? 

It would be our second up down house hack, however, with interest rates in the high 6's, it would probably not cash flow after moving out.