You also have to consider the down time of not renting while you renovate and likely having to fly in several times to check on work, meed contractors, pick up supplies.

The members looking to lend just pick who, or a deal they want to lend to.

Hello I am a new wholesaler and I picked up a deal just outside of 1604 near San Antonio that I believe is great opportunity.

Pick careful if you have college students when you move out. 

I want to be somewhat hands on so I would pick markets that are driveable for you and visit frequently. 

I am glad you picked it up and are able to describe what is happening so clearly to warn others.

It all comes down to picking the right areas that work well with your personality and attract the type of clientele you feel comfortable working with. 

I see some lenders out there would just pick the "lowest" rate and the client ends up paying more than 1% of the loan amount at their closing costs. 

We've made each other some nice profits, so we get to argue over who picks up the check at dinner.  :-) Congrats on those deals  I just have not wanted to take on hundreds of investors.. my one I did we raised half the one you mention ( 7.5 mil)  with only 6 investors so On a very personal level with each..

Just to pick on point 1 a little.