I think it's a toss up of whether its better to compete with the masses for REOs or with a smaller group of advanced well established competitors for notes bought from a small group of special asset managers.I buy and hold properties.

Each block has a half dozen or more existing private owners, worth a total of $1 MM to $2 MM... and in Kansas there is no government authority to condemn and seize working private property.I'm looking for the best way to finance the buying and holding of the properties until we can reach a critical mass for a project.  

I'm also an investor in Mass and I can tell you first hand this is a very tenant friendly state BUT if you manage your properties correctly then I wouldn't be too worried about it.

Properties that are zoned mixed-use or commercial can be an exception.See the following links for more info:Short Term RentalsOWNING SHORT TERM RENTALS IN NEW ORLEANSA Guide To Orleans Parish's New Short-Term Rental RulesHere are a couple of recent news articles:Weak enforcement of short-term rental rules could cost NOLA millionsNew Orleans council wants more muscle in fight against illegal short-term rentals

@Adam Pervez - Normally, from my experience, the earnest money deposit ranges from 3-5% however that is in Mass.

I REALLY feel sorry for these guys because they HAVE to conform to the Hotel laws, including sprinklers and egress, plans for evacuation, etc.HOWEVER, these hosts circumvent the building code by re-classifying what is a defacto Transient Occupancy business such as a Hotel as if it is a long term residence.This is dangerous not only to the Guests because they wouldn't know that the apts do not have a mass evacuation plan, etc. but to the neighbors who paid money, sometimes millions, for their luxury condos only to find out they are living next to a hotel in the next apt!

Afternoon’ from a foggy Mass.

I recommend looking into Connecticut, it is a very hot market right now due to the mass exodus out of the City.You can use the Bigger Pockets calculators to start.

Also if anyone can give any other alternatives to marketing to mass people.Thanks,Lawrence

Most Home Stagers can visualize how the home is going to function, and appeal to the masses.