@Mike Lambert That is highly dependent on a multitude of factors like size/luxury class/location/housing type/owner restrictions/etc.

With Google, Yelp, Facebook reviews as well as what is on their site and what type of content they are posting on their social media pages....

I know it can depend on factors like the borrower’s credit, payment history, and loan terms, but I’m looking for general guidance or ballpark percentages based on your experience.Top Buyers/Companies:Who do you recommend as reputable buyers for these types of notes?

Purchase price: $325,000 Cash invested: $150,000 What made you interested in investing in this type of deal?

This is the same type of personality to gaslight you when you don't agree with their view on a deal or something goes awry, gatekeep you from information and deals, and become a resistance force in actually becoming a REI. 

What types of property are you looking at for your first investment? 

The type of home you can get in White House is a different universe compared to what you'll get in Nashville if you're trying to be 5 mins from the urban core.Make a list of what is MOST important to you and that will guide your decision making.

Is this different from an arbitrage type deal or are they similar? 

What types of strategies are you interested in?

Multifamily doesn't need any more pressure/demand since cap rates can really get low when too many people pile in, but I have to say that commercial real estate (including large MF) and other types of passive investing (mobile home parks, storage, etc.) can really make like much easier.