@Waverly Rennie  I understand the buyers are cash buyers but that's for a finish product... who puts up the construction money.. your talking a significant sum. 

Fear of getting a bad deal that produces negative cash flow for my first deal would big the biggest thing holding me back. 

I would not use the product in a higher end flip or rental.

(I'm not revealing the name of my software - or promoting it - so that I don't violate forum policies or appear to be promoting my product.

We have sold only a few products like this several years ago but the investment after about 9 months would turn into a nightmare for the investor.  

When I said someone that could produce viable results, I was referring to someone different than the others that just take your money and give you basic stuff you can find on the net.

They produce it every year.http://realestate.wichita.edu/draft/research/Web/F...My 2 cents... it's a stable market and will experience longterm linear appreciation.

But I also have always bought turnkey, so the only due diligence I've needed to do was verifying the provider and the product and property itself.

A blanket mortgage is not a product offered by Fannie/Freddie and is less desirable for most investors.Several friends of mine who own 50-200+ SFR rentals have successfully found small regional business banks willing to lender based in the NOI and cash flow of their properties. 

Conversely, this means that Property 2 has less risk, which makes it more expensive per dollar of NOI produced.