I would purchase 2 properties in the $300-350k range in a growing market and break even or even put in a couple hundred every month and just hold and wait with the end in mind to sell and 1031 all of the capital gain into a large multifamily complex or something along that nature. 

We recommend that both panel boxes be fully evaluated by a qualified electrical contractor or engineer to properly determine the proper amperage of the property and the nature of these boxes (whether main or sub panels)

Also the exact nature of use, residential use only, has to be stated and approved; and anyone who stays on your property you are to be notified, and they are to be be approved by you.

It is basically a natural plant growing, so don't think it would have any negative effect on the condition of a home.

This would be my first property and I’m naturally skeptical.

Naturally I am biased because I live here and invest here, but like others have said it is important to really learn the market.

Last question in relation to finding deals--does anyone have experience with soliciting in the wake of a natural disaster?

In my day job I own a marketing agency and by nature I am SUPER creative.

I don't know what type of backgrounds some of those large companies l typically like to pull from, but wouldn't think engineering (with it's analytical nature and work ethic that typically are associated with this background) would be a negative. 

After reading and speaking with other lenders, I've found there are a couple of different ways these companies are structured:1) A close-ended fund much in the nature of a PE/private credit fund, where the operator earns an asset management fee of invested capital (2%) and a servicing fee of the loans in the portfolio that the operator is actively managing (.5-1%).