I am originally from Colorado Springs, lived there for 18 years, and my family still lives there, so I have a strong level of familiarity and comfort with the market and the tenant base. 

I believe this next big correction to be much deeper than the last one and more of a global front.  

In my case I can make 75% to 80% LTV loans on fixers with reasonable risk level, because if the flipper fails I know how to solve the problems and get all investment money back.

I agree with your comments that mortgage reits are vulnerable to rising interest rates especially if the financial reits are leveraged.Just as the energy sector (nat gas, crude oil, agriculture) are beaten down, I think that the Financial reits are trading 21% below book value and the reason for this is the rising interest rates are already priced in causing these reits to trade at such distressed levels.

As I said solution to the whole thing is to look at this differently and consider properties and tenant matches and management that creates long term tenants.This discussion is way deeper than just the issue you're fixated on.

After finding out that it doesn't work like Jack's magic beans, I invested in mentoring from a professional who got me started at a whole level beyond the back and started the cash rolling in. 

I want to start to learn, network and ready myself for the next level so I'm well prepared.

Any real estate activity you are involved in creates a certain level of liability for your broker even if it is across the border.

The AMO means the company has a certain level of standards and must also abide by a strict code of ethics.

Your level of expertise is what I aspire to operate on.