This 2nd campaign may require a unique marketing piece - maybe it is the expensive house owner who might need a marketing piece a little more sophisticated than your average absentee owner.

@Jay Hinrichs  I knew it sounded too good to be be true, and was more likely exaggeration and lack of sophisticated understanding on my part, but reading the responses has been helpful.

I want to know what processes sophisticated investors use to identify a cash flowing market?

Not all rehabbers or real estate investors are sophisticated believe it or not!

I have a pretty solid background of working with tools and machinery and a basic house hack would be right up my alley if I could find someone in the same boat to eventually work on a flip or even a rental property.If not I'd love to even just spend sometime on the weekends working with anyone in the Denver area.

We find IRR works better when the returns may be generated over multi-year periods and it's what the institutions and more sophisticated investors are used to and want to see. 

I can accept up to 35 non-accredited investors who are considered "sophisticated." 

If you're a sponsor looking to get inside the mind of professional and highly sophisticated investors like Jeremy, do not miss the next Best Ever Conference - Assuming we get to hear from him again (please??)

MF owners usually are sophisticated investors and if you start defaulting on the note they can and will foreclose on you (and they will probably know how to do that).As @Jeb Brilliant said, keep some "padding" in the bank to fall on if something goes wrong in the first few months of ownership.One last question, if you can't afford the DP how can you afford the 170K renovations for the second building?

Mike,As several posters have commented it depends on the market, your level of sophistication as an investor, how much work you are willing to put into the selling process, etc. and I very much agree with the comment about agents needing to add value.In fact, I would say that if you are willing to do the work; price it right, stage the house, market it properly, promptly return calls - as the owner you can do this yourself and just pay the selling agent (if one is involved).