But if you aren't going to use that type of money....then an entirely DIFFERENT strategy will need to be used.Conventional - I'll define these as loans that come from Fannie Mae and Freddie Mac (if you recognize those names).

It is not what many would define as a home run but I feel it is a solid double with run scoring potential.

How would you define small? 

I try not to work with investors who tell me they want any property that makes money that isn't an answer, if you can't define what you are looking for fairly quickly I will move on to a buyer who does.

Have you defined your goals and REI strategy?

Greetings,How do you define an emerging real estate market that's in the path of growth and will be considered active within the next 5 years?

Other than that, define your goals and select the loan program that fits the bill the best!

Here it is:Article 25 defines a real estate broker as an individual or an entity, who with intent to collect or receive a fee, compensation, or valuable consideration, sells or offers for sale, buys or offers to buy, provides or offers to provide market analyses, lists or offers or attempts to list, or negotiates the purchase or sale or exchange or mortgage of real estate, or negotiates for the construction of a building on real estate; who leases or offers or rents or offers for rent real estate or the improvements on the real estate for others, as a whole or partial vocation; who engages in property management as a whole or partial vocation; who sells or offers for sale, buys or offers to buy, leases or offers to lease, or negotiates the purchase or sale or exchange of a business, business opportunity, or the goodwill of an existing business for others; or who, as owner or otherwise, engages in the sale of real estate as a principal vocation.

The mortgage document defines what the lender's remedies are if the loan goes into default.

It's good to have defined goals, and with a timeline in place.