thanks @Larry Fried!

Mark Fries , 40 SFR, that’s impressive!

I would agree with @Larry Fried that property inventory is very low, which has impacted turnkey providers. 

@Larry Fried, I like your idea about investing in hotter markets.

I don't really see HUD getting to involved in a residential equity fight or foreclosure, unless there is an issue for bigger fish to be fried, like investors being scammed and such notes were given as collateral for other investments.Buying a note from an individual usually doesn't give you much to fall back on in the event of fraud or omission, they get the money and spend it, how would you force them to repurchase the note if they don't have the ability to do so....The proper origination and compliance of origination can be covered in the purchase contract for the note, a repurchase required if the note is found to be worthless, but look to the ability of that broker or "institution" to do so.On any note originated after July would need either the seal and number of a MLO or the Bar number of the attorney who originated the note for me to be comfortable, perhapse if I had true copies of the transaction and could show clearly that the seller was exempt in that transaction, I'd consider it.

Replace plastic covers on windows.PP- 99000 conventional financing, 20% DP 19800 Closing Costs- 5000 Rehab Cost 35,000-40000 Rent- 1500 x 12= 18000 Property Taxes- 2912 Loan- 79200 @ 5.625% (PITI 773.59×12= 9283.08) ARV- 150,000-160,000 Insurance- 900 Repairs- @ 8% 1440 Capex- @ 8% 1440 Vacancy- @ 8% 1440 1440×3= 4320 PM- @10% 1500 4320+1500=5820 9283.08+5820= 15103.08 18000- 15103.08= 2896.92 2896.92÷12= 241.41( monthly cashflow) With all these repairs, is $50k a reasonable quote?

@Larry Fried - Thanks for your response!

The same house on all 3 sites could vary by as much as 50% either way, for a total gap of 100% from lowest to highest.Realistically speaking, a house finished in industrial carpet, plywood and plastic fixtures, is not going to sell the same as a house of the same exact dimensions, finished in marble, plush carpet, and wall paper.

I don't know if it's a law or not, but when I rented an apartment in VA a few years ago they had changed the toilet seats and left the plastic on so we would know they were new.I researched the cost, and at ~$12 a piece decided to do it when my rentals turned over in NC.

we do have "bigger fish to fry" right now though.