Hard money lenders give you a loan at eye popping interest rate.

Understanding the yr 1 levered yield gives a good indication on how an asset will perform going forward (yr 1 is a whole lot more certain than year 5) Here are a few things that may also be helpful but are really the investors’ job:MSA (Metropolitan Surrounding Area) Drivers: Pop and Job GrowthHolding Period Returns: IRR, Cash-on-Cash, NPV (A quick Google search will give insight into theseThis is probably a good starting place.

Should one pop up it is quickly bid up by anxious investors so that it is no longer a bargain.I understand it can be daunting for a new investor to invest in real estate virtually, but that approach has proven to be profitable for myself and many others. 

Every now and then I’ve been able to pick up a few on market.Hi Jeff, that's an interesting question, many of the investors I know looking in my area know within a day or sometimes a few hours when a certain property pops up.

Hi @Alvaro Leis, the hesitation comes from this:  when lenders know that money will be used to buy real estate their brains start whizzing and popping and screeching with things like "lien position" and "Debt to Cost" and "DCR" and they start getting really granular. 

He's pop culture REI. 

I kept waiting before I jumped in because people said the housing price run up was about to pop.

But some other small "mom and pop" investors aren't as bullish it seems.  

First number that popped into my head for that older Pontiac was $30 / day.

As far as challenges, they aren't daily but they do pop up.