Joe its all about NPV  and rate of return for investors.. either way your going to take a pretty big hair cut out of your equity to do what your wondering about. 

My property manager called (I live in Denver) and told me they got it turned off pretty quickly, but a whole wall's worth of drywall was damaged. 

For me, on my properties, it's been pretty good.

You can pretty easily find a duplex to house hack in a good neighborhood in the $300,000-$400,000 range.

My other SFR notes have interest rates determined by the borrower's cash, credit score and income - so market rates or higher.I understand the difference in performing vs non-performing notes and that performing can become non-performing pretty easily. 

And they'll want you to pay off the loan pretty soon (and usually will you as the rate will probably be higher than banks) so there's that too.For this reason, we definitely prefer private lenders as they will (if you've built trust with them) often lend on the rehab too.

The forum can probably give a pretty good assessment (and it will definitely be hones) of your current portfolio.

I have the contract to use them sitting in my email now so I saw a preview of all the data and it's pretty incredible.

Our property management used to use Buildim and I know they had problems with them and switched to Appfolio and have been pretty happy since.

They are a national organization that promotes all kinds of creative real estate deals.