More importantly, there no great bargains there…people are paying at or close to market value.

Approximate purchase price of $650-$850k with a construction budget of $1.0-$1.5m depending on total unit count. 

Basically to buy a property below market value, add value/equity, rent, and refinance, however, I do want to draw out a lot of my capital or leave at most 20-30k in the property (or whatever the more experienced people think). 

So like I mention in another comment, many people use business credit cards with 9-12 months 0% interest to make their down payment.

Along side that with the connections I have already made and my joy for meeting new people growing my portfolio is also on the table.Looking forward to connecting and growing together!

@Charlice ArnoldInterestingly enough we have found many have passed on opportunities to buy hard money loansNot sure why as I would recommend them to an investor over an owner occupied loan any day of week but people either think they can make 15% or have some other reasonCurious to here if anyone else has some short term loans that have challenges finding a buyer

Some people just happen to have an extra property to rent out and thats all they want from it.

I guess his strategy is to bait, switch and scam as many people as possible.

I would love to hear both success and failures and hope to meet some people along the way.

A good PM knows enough people and has enough marketing tricks up their sleeves to keep the properties occupied and turnover lowOutside of that, I second Russell's suggestion.