I suspect it will be properties in the 75k - 200k range but that's just my guess for your area. 

I suspect it would be quite a few  My self included  unfortunately .  

I suspect it was not done to frank Dodd compliance. 

For all practical purposes, I suspect you're just going to have to suck it up and pay taxes on the gain if you convert your SF investment to MF.    

I suspect the failure rate is right at 95% for these

One private lender locally I know of does offer those second and third position loans to the crowd - high risk, equally high return - though I suspect they'll get disrupted by more efficient crowdfunding platforms.Bottom line: as a small-time borrower, the crowdfunding platforms are still very expensive and not generally useful for long-term first lien financing.  

@Bobby Holley, I suspect the HOA costs are VERY annoying once the income stops due to vacancy.

@Sam Pharesthis isn't my area of expertise but I suspect buying it as a primary will be challenging because it's fire damaged.

I suspect u are making offers through agents.

I suspect it is somewhat like homes....."