IE - these are highly experienced borrowers with prior debt brokerage experience and a full in-house team dedicated to shopping debt for them.

I think.. that darn NMLS website is the most user unfriendly site I have ever seen..  

No state taxes, high appreciation, Economic and Job growth, Population growth, etc. 

Have been house hunting for awhile for a primary home or multiple, I am now considering building new rather than buying old ones with high maintenance cost.

Lots of factors, but deciding factor was what what Torren described (waterfall highly favorable to GP).

I agree that the full 25% deposits were high for new build rather than EMD.

For example, to get up-to-date property tax data you would need to scrape every county's tax data website (thousands of different websites, data formats, issues, etc...) then aggregate and clean the data.

It is a great market but highly recommend partnering with an agent who knows the market and has experience dealing with investors as location is key. 

It depends on your financial strength, the quality of the property, how many properties you own, etc.I like to start with one significant expense and three months of vacancy.

I am currently in my junior year of high school, and I have all AICE and AP classes, which allows me to get a full ride to college.