Judgements are often not collected on.

@Placeholder PlaceholderOne word of caution I would advise: If a community or local government is enacting restrictions and also regularly enforcing them, then its often a reflection of the local community sentiment which increases the chance of a neighborhood or nearby resident calling you in if they think you may be running an STR.

Obviously some potential issues with the lender, but how often do these deals really happen?  

Brokers and attorneys often prioritize closing deals quickly to collect their fees and move on, which doesn’t always align with your goals.

Property classes are different from neighborhood classes, and many people often use them in combination.

Finding the Right Deal:Investors often rely on off-market deals (not listed publicly) or network connections.

So I used to work for a basketball tournament that played in Washington IL every year and so I often visited that town plus Peoria.

How often do opportunities come presented to the group vetted by the team? 

A lot of people who learn the theory of multifamily investing are often taken aback when they graduate to the real world by how deals seemingly don't work.

Find the REIA group for your areaAs Henry noted, post something specific for your area and tag your market.Get on Loopnet for your area and property type, reach out to the brokers that are listing deals and offer to take to coffee (they are often invested in deals too but you could ask for connections to other operators that might be getting started).And, again as Henry noted, each person you meet, ask them what other networking events they have attended that you can put on your list.