They currently have under $1M in leverage on the assets but are looking to get a line of credit / portfolio loan to encumber these properties or other properties they acquire.

They want to be propped up instead of questioned.

what is the highest and lowest?..

Right now, the technology is not yet suitable for small projects, simply because the transactional costs are way too high and there's no secondary market.

There’s a lot of valuable information out there without spending thousands of dollars.

@Cameron Porter no you can't wholesale off the MLS.What you can do is research opportunities for your buyers.There are always deals on the MLS if you know what to look for and have the time.

Which would mean you loose money of the borrower immediately pays off, so not good at all.

Sounds like a lot of moving parts and hoops for the amount of tax savings, but that's just my risk/reward profile speaking.

Most of the cost was the backhoe to dig up the line.

Also curious about this area--do either of you now own in Murphy?