There is certainly more work to do when buying non-performing notes when compared to performers.

Hello BPers,Has anyone borrowed from Patch Homes as an alternative to a traditional HELOC?

As Kris said, try to find 1-,3- and 5-mile radius SS unit supply and population numbers, and compare to the widely used national average of 7sq.ft.

We bought a nearby property and moved out.We're now trying to sell the property, but with close to $100k in non-house improvements (well, electric service, house pad, barn/workshop, fencing, etc.) it's a tough deal for a traditional lender to process.

There is free software out there that will effectively market your property, screen tenants, price your rental based on comparable properties, provide renters insurance and online applications, etc.

Our biggest challenge is moving away from traditional lending means as we do not want to wait to accumulate 20-25% down payments in savings before buying multi-family properties.

It has not changed much to investors perception that technology is desirable even to this date.Real estate public Companies Z RdfnRLGY * Type Internet Tech Discount tech Traditional Year Revenue($)$1.08 billions$0.37 billions$5.81 billionsGross Profit($) $0.99 billions$ 0.11 billions$1.32 billions Net Income($)(-94 millions)(-15 millions)$213 millionsBook Value / share$14.05 $21.42$19.89Agents- 272,000Stock Price (Mar 2, 2018)$49.21$21.43$19.89IPO year 2011 2017 2012 *Better Homes, C21, ERA, Coldwell, Southeby's, Zip etcOne can compare a traditional company like Realogy Holdings(RLGY*) with some technology based public companies.

Memphis is a good cash flow market but if you're not happy with the returns there, you might want to compare them to the Midwest, particularly Kansas City and Indianapolis. 

Additionally, I worry about your approach as it really relies heavily on appreciation in those areas, which traditionally do not appreciate much. 

The seller and I were unable to come to an agreement when we became fully aware of how recent the restructuring occurred and the lack of proven operation compared to the price.