@Soup Nikk To address your question, the ATM fund is a type of passive investment where you invest with an operator of ATMs.

If you want to create a labor-only contract, do so up front, but don't be surprised if this guy doesn't make you an offer.

Reading the BP 2024 report the advice is to be conservative so up until now I've been analyzing everything with:Vacancy - 10%Repairs - 10%Cap Ex - 5% (although this is highly dependent on the age of the home and the value of the home, so I'm tracking that with a bit more nuance)Any advice?

It does not work that one can come in and buy out 1st lien position and the next 17 are just out of luck, sorry kick rocks, no-soup-for-you.... no, doesn't work that way. 

I read it several years ago and it is an excellent soup to nuts presentation of the basics.

Now mix consumer debt with investment debt and student debt and the plot thickens...

We handle everything soup to nuts for our clients so there really is no need to be located near the property.

Are you basically soliciting the board for help, soup to nuts, for a deal you think you've found?

Most people, I'd say >90%, are not in that narrow strip - the soup is either too hot, or it's too cold, either way there's nothing there for Goldilocks.

so up shot is the lots are worth 150k each..