Also, as you are seeing more and more crowd funding players, investors are getting used to seeing the deal rather than investing in a fund. 

The fed keeps bailing out weaker players.

As for non performing residential notes, well thats where most of the note players on BP play.  

Outside of a few players, I see a lot of banks not interested in projects above 2M.

I have JV'd on a couple of NPNs and the returns honestly are not that much better since they are trying to get 20%-30% returns and the margins are getting squeezed with all of the new players trying to get in the market...just like flipping. 

I have an issue with making blanket statements like something doesn't work or is a bad idea when every major player in the country is using it consistently to purchase deals. 

I was really skeptical then and now that, that time period is over you see who the REAL PLAYERS are in the game.

As a new player most if not all lenders are going to want you to have some money in the deal.

I often call you guys "checkers-players" when I open your letters.

You see a lot of these NBA players, and athletes get into relationships with low-lifes, and people who have nothing going on in their life, so when they divorce them they take all their assets.