I suspect they make a good amount of their revenue on flipping dreamers who risk the 3k.but if you think about it from Do hard monies point of view for sure they are going to be ultra conservative I don't blame them and they are only going to fund screaming deals where the borrower has Zero skin in the game other than the  3k and 600 fee and there are most likely other little fee's like title and escrow.. but show me a beginner who can land screaming deals.. sure some will stumble on them. but in my 40 years of lending HM most beginners have no clue as to what a deal is.and therefore this company is killing it making 3600 on turn downs.. pretty sweet if you can get away with it. 

And in a college town, students leave for 3 months so, yeah, you're visitor base might fizzle to nothing.

Sometimes the property just screams at you "I AM WHAT I AM" and short of buying up a square mile of properties there's not much an individual owner/building can do about it.Sooooooooooo...that leads back to the most salient question of all:  Do you believe in the area?

Visit or have your agent take a look at the property, you dont want to get stuck with an asset that is not in the condition that you originally wanted to invest in. 

I agree it is clearly not a screaming deal.

Native New Yorker, extended visitor to Colorado by way of Florida here :) I happened upon this forum as I was doing research on Real Estate Investing and how the whole thing works.

What that must mean is that there are lot of operators out there and there are plenty of deals to go around despite many screaming that in their area, there just are no more deals.Strange. . . .

This market is screaming hot right now

:) ) We aren't afraid of work, but having our hours defined by someone else is starting to interfere with our existing (non-RE-related) business, our hobbies, friendships, etc.Our current 'other' business is an online directory for Halloween haunted attractions, and we have vetted "Scream Teams" (review groups) across the country that help us create original content for the website.

People screaming money pit are 100% clueless of the situation.