But, an acceptable capitalization rate for valuations in real estate is usually 10%, the minimum generally required by similar investors.Call an appraiser in your area, just ask them, when using the income approach to residential real estate valuations, what do you consider an acceptable capitalization rate?

I would love to find something like this in my area, yet after approaching dozens of banks and credit unions over the years I still haven't found it.

I like the no BS, take action approach he promotes.

Hello BP,A friend of mine approached me about being a possible hard money lender on a property.

Did you approach them and say I'm a newbie and I'd like to help in anyway if I could just ask you for some advice. 

It's exactly how I plan on approaching this business.

Any suggestions on how to approach my agent with this deal? 

Either my RE agent is a bum or i am approaching wrong professional for guidance.

It has maybe $15k of work required, and the neighborhood is now approaching the $80s again.

@Dezra Robitsonlove the action-oriented approach.