But in your case, I suspect you won't be patient enough to find pure BRRRR deals, because you'll conclude: I can afford to throw more of my own money into each deal (which is true!)

I suspect an oil tank under a concrete pad that has reinforcement bars.

My premise: 1) county data is correct, 2) the data from the story I posted in my prior post (5,894 units under construction and another 4,381 units proposed in the triangle) is correct, 3) I suspect for analysis purposes that half of those numbers will be in Wake countyMy conclusion(s): From county data on the number of duplexes and larger units is 108,638 for 2016 vs. 79,440 for 2004...

I suspect that it is the price if the unit is nice.

I suspect there are other HMLs out there doing this - but I would like to know more about lending for a specified term (e.g. 6 months) with deferred interest rate payments in exchange for a "Taste of the Flip."

I should add that I would much rather invest in RE Equity / Preferred Equity (despite all the risks) than in 2nd Lien Debt because at least with equity you have the chance of participating in the upside and can potentially earn greater than 19 or 20% (sometimes...) for what amounts to, IMHO, a similar amount of liquidation preference / default risk.Peer Street is a relative newbie player in this game so I havent tried them yet / have no opinion except to say that I notice their projects seem to pay a helluva lot less in APR % for what amounts to the same risk as POL or others  - I suspect it's b/c they pocket more of the spread for themselves in vig.Good Luck!

If North Dakota did not have the oil I suspect the residential units would have continued to decline as the demand decreased (supply was steady with the already built homes).

I am in the process of buying a property in NC from a wholeseller who, I suspect, has acquired the property using a section 2 deal.

The accused tenant has been there several years and has always been very dependable with no previous reason to suspect a problem.What do I do?

Unless those rents are significantly under market (I suspect not in Cleburne), it wouldn't be worth the hassle to me.As others have mentioned, tax assessed value is not a true appraisal.