I'm simply saying that creating new rules for this platform based on your...concerns, for which we have ZERO evidence is a problem on this platform, is foolish.

You can create a cap rate for one, but it's a wild guess when the information to determine your expenses is much more evident than with a commercial multi-family.There's so much information on BP.

The answer may become more evident as you get more local knowledge.

The ONLY reason I MIGHT consider doing that any way is if I had hard evidence that upward $$$ appreciation is on the way.

Yes you can look through the property records at the courthouse and look for evidence of seller financing.

When we started pulling economic data for the area it became evident the local economy is in a long-term decline - reliant on an over-exploited natural resource.

They're tough to value due to lack of "market evidence", but from an income approach stand point they can create substantial value.

For example our land evidence records are at the city/town level instead of the county level like most of the rest of the country.

Now I could understand using these kinds of sites along with having an agent (or yourself) verify the information is accurate, but basing your research solely off free information doesn't sound concrete enough for me to comfortably make offers.Maybe that's just me, but I need solid evidence before I choose invest in a particular market.

If your note and the circumstances surrounding your note (such as information provided to the debtor, disclosure requirements, etc ) either do not comply with, or lack evidence of all compliance features with these two governmental regulations then your note will be unsalable at anything but severe discounts.