To most people, their home is incredibly important and meaningful.

A property with one of those opportunities listed above can provide instant equity gain while allowing a refinance to extract out the initial investment. 

Any more details on this one in order to opine in a more meaningful way?

I've been a cyber analyst going on 10 years now, so my daily activity involves collecting data, analyzing it, and extracting the most important parts to make an assessment.

Sadly it just kept being a bad experience, from failure to get meaningful feedback from people who visited the property to pricing to advocating on my behalf, to when I told her I was done with her.

I don't know if the house is listed till after extracting the info re default from public sources.

And then there are probably buildings in the heart of some bad downtown areas where you'll see cap rates in the 12-15% range, and perhaps even higher.There's really no average that would be at all meaningful...

Payments start prior to the completion of the house as stated in the original post.Also, correct me if I am wrong but to be more meaningful we should really be annualizing the IRR, i.e. the 47% IRR that I calc is really 18% annual.

I like real estate for the opportunity that it provides.Some of my investor buyers for my listings have multiple stock accounts they pull from to purchase real estate.Personally I like real estate because it is a tangible asset.I don't like the idea of paper to be worth 100 one day and 10 cents the next.At least with a property barring and act of God or some other strange occurrance I will have a tangible asset to sell.I know some will say but if you bought at the height of the market you would be upside down on that tangible asset.I didn't buy anything back then.I saw many people laughing and making money refinancing and to be honest I did feel like maybe I was missing out.I waited on now I am so glad that I did because many of those same people laughing with joy are crying in pain.Stocks just like real estate is something that if you just dabble in it you can lose everything.The sexy part of stocks just like real estate is to make money quick but many more lose than win.The losers aren't talked about much but the few winners are pumped up to sell marketing and courses to extract money from the herds.For my honeymoon years ago we went to Tennessee.While there my wife had an adverse reaction I think to the make up used at the wedding (she has sensitive skin).So we went to a local doc.This guy was really nice but old in his late 80's.We started chatting up and he said it was just a reaction to something and gave her a shot.I talked about real estate.That's when he said him and his wife had put all of their retirement in Enron stock and had it for awhile then BOOM the bottom fell out and they lost everything.He had to come out of retirement and open a practice again in his late 80's to make ends meet.That scared the hell out of me and made me stay away from stocks.I might eventually buy a small amount for a long term hold but I am not into risk with stock market.I have seen too many people see big dollar signs with their eyes and lose their shirts.

Brandon and Josh do a great job at extracting useful information from the guest.