So even with a late-stage note where most of the payment is principal if I buy it at a steep enough discount I can still earn my yield Target.

In my first target market, my home state of SC, high NOO property taxes kill an unfortunate amount of deals.I own my primary residence in CA and got lucky purchasing it in 2009 when there were foreclosures everywhere.

I would concentrate on "condos" as they are easier to manage and sell. 

Waterfront properties are generally easier to sell or rent, will bring higher rents.   

If you really know your short term/long term goals, then it is easier to provide direction.

(I understand that BRRRR or flips are not really for the beginners)Is it really easier to find tenants for rent-to-own than regular tenants?

@Jingjing Ye I think you'll have a much easier time getting your first MF done when it's local(ish). 

@Kenneth LaVoieWhy not figure what your payments would be with the 30 yr financing and then work backwards to figure what your LTV would have to be with your current financing and then use that as a target point to pay down to and then refinance...This way you keep your liability protection, get the same payments as the 30 yr financing and are better protected against a down turn of the market due to the larger equity cushion.Example 100k note with 30 yr 4% = $477.42, but you could use a 20 yr note at 6% in the LLC and carry $66,638 mortgage to get that same payment $477.42. 

It's easier to cash-flow here than in Seattle (of course with the right deal).Do you have thoughts on the values that should be inserted in the calculator?

For example if you targeted that same absentee, high equity, list, but narrowed it to folks who purchased from 2008-2012, your message could focus on how they can now cash in on their amazing market timing, and how you can help them do that quickly and easily without having to evict tenants, clean the property, hire an agent, etc.