These loans are based on three things.

If what you an afford does not match the type of area you want to invest in, don't rush into buying and wait until you can invest in a more solid area.

-Start attending local real estate investing meetups-Go in with the purpose of identifying real estate investors who are in the niche you are interested in-Do research on the investors (based on conversations and their online presence)-Brainstorm ways you can add value to their business-Instead of offering to add value to their business, do it first and then offer the valueThis is actually how I get started working for a syndication company.

It can be a great business model, but there's a lot to understand about MTRs because the niche is broad, but there's an art to matching your property type with the right type of guest.

We look closely for asbestos and lead based paint (which are not deal-breakers for me, but they're a significant cost to remediate, so I want to know about it before I buy the property). 

It sounds like you know which avenue to take based on experience and risk tolerance.

Suburban areas like the South Hills or North Hills do well here based on those factors.

You will have no equitable interest in the property based on the Master lease, so I would suggest also having an Option contract in place to secure your right to purchase the properties.

Also, pretty much throw out the sellers numbers and do your own based on market conditions.

Based in Maryland and lend on the East Coast.