Note that "bird dog"-ing is illegal in some states, including Illinois.Wholesaling of real estate is considered illegal by the courts in some states where the distinction between marketing a contract and marketing a property has been blurred by the wholesaler's marketing tactics.

That is a somewhat important distinction from what most people consider a "conventional" loan because it will be at less favorable rate and terms than a 1st.

I have a great agent for you to work with here in SD who is focused on the 2-4 unit segment.

But homestead/non-homestead is an important distinction, also if agricultural use or not....all factoring into a homeowner's right of redemption.

Consider working with a list broker who can suggest segments like Seniors with 20+ year Ownership.

You might split your list in a couple segments - perhaps Absentee with high equity, Seniors with 15 year ownership and Homeowners with Low Financial Stability Scores.

If you have investors, I’d suggest starting a separate and distinct QB file for each note.  

However, people who leave blue states due to the high cost of living will look at places like Las Vegas.I’ve researched one segment off California population that will be greatly impacted by the 2018 Tax Act and rising prices and taxes and that is people living on a fixed income.California has about 6M retired people.

The only segment I believe we are close to supply meeting demand is the 5 star luxury department market in downtown Milwaukee.

Thank you for pointing out this distinction Tom!