Now, it is impossible.

Nearly impossible to get anyone to respond to emails or phone calls I even wrote a direct letter to the owner, NOTHING.  

I think it's going to be hard but not impossible to do a brrr in this area.

Also, if you don't have a background in managing those types of units, getting traditional type financing is impossible.  

Outside of wholesaling, which would be difficult to impossible to do starting out, selling to "off the grid" people would seem like a good market to tap.

The problem is that, unlike holdings in real estate in my own name, I have found it almost impossible to find lenders that give credit for interests in debt or equity syndications.

Both strategies are difficult to do with a co-op but it's not impossible.

Pretty crazy game/series, but much respect to Cleveland for doing the impossible.

In addition, banks are pulling back on construction loans (not necessarily impossible to get but for a newbie in development, getting financing at this point in the cycle won't be easy.)

@Jay Hinrichs however I was referring to after you've zeroed in on a target as part of the DD process, the problem I see is if you've missed something for your spotter to ask/do, reliablity /knowledge / trust worthiness of job, etc I'm not sure if would be worth the extra fee(s) ( multiple visits, etc) to not have your own   eyes on ... execpt in thoses rare instances where it would be near impossible, time and/or cost prohibitive to do a sight visit  ( re:  out- of-state or sight unseen) I guess for me  It would have to be one of those "too good to be true" type of deals we've talked about: 1: 1 million lol