@Marcia Maynard, maybe that's specific to region or certain segments of society but I've never encountered that.

@David Zickafoose  rates of return on NOtes are regional specific and risk specific.but generally to answer you question on the low side 6% just like a bank for a prime CA property or other prime market area would be acceptable to high net worth investors looking to place cash that they know will be totally passive.you can invest with a company like Norris group in LA and get 8 to 12% on notes.YOu can buy discounted notes from seller carry backs ( which is generally the target for many who go to the note buying schools) and investors market heavy for those and generally look for a 9 to 12% return and just like wholesaling houses or other types of RE many will make offers that will bring in 20 to 30% returns and if the sellers are not savvy enough to figure it out they will sell..

I got my start in investing last year, and I have seven units in the metro region.

A simple google search should help you find some sort of real estate investing association in your region where you can meet up with other fellow investors and ask/learn about the topic.

I have for example done extensive homework in my region (Vancouver, Canada) to find a solid REIA and see what they were about.

My goal is to really begin my journey down the path of Buy and Hold REI preferably within the Omaha, Nebraska region.

Currently Wells Fargo and PAS are a little slow and are refocusing there efforts in the region, so we do have some room in our schedule if you would like to get some pricing from us.

A good wholesaler will also be an expert in the region they market too. 

I have 2 buy and hold properties under my belt and if you need any help with the Toronto region, please feel free to connect as my fiancé is a Realtor as well.I also have a Partner in beautiful Saint Lucia if anyone is interested in Land or Properties in the Caribbean.Thanks and best of luck!

@Robert Warren  geographic region characterized by declining mfg and industrial  jobs, upstate new york, through Penn, Ohio, Wv, Indiana, etc. the geography varies depending on who you ask.