Who will you sell these to?   

You're telling me you are willing to sell it to a wholesaler for "low ball offer" which these days is 60-70 cents on the dollar vs taking a Premium on a sub 3 note?

Cold calling is by far the quickest way to reach out to homeowners to find out if they want to sell but like everything else in order for it to work you need to be consistent.

If these were good, on time paying renters why would a seller sell and why at 70K below value? 

We have some inspections and appraisal contingencies and I’m a little worried the appraisal won’t come through as comps are selling around 12-15% over asking in the area.

Pick your path (renting out properties, fixing and selling) and look for good spots.

One of the most common things I am hearing of recent in the community is: Should I sell, rent, or refinance my primary residence? 

He doesn't want the hassle of doing that anymore, but selling his property will be a challenge.

Therefore, since this loan will end up sitting on the lender's balance sheet, you should be prepared to pay an interest rate that would make sense for that lender to have their money tied up without earning the additional income they would earn from selling their loans at a premium on the secondary market and being able to re-lend and keep flipping the money. 

Whether you're buying, selling, or investing, now is the time to act.