We are looking for REOs in the TriState area and they have dried up, though there is no shortage upstate!

LOLJay, you can make yours from your plane, I'll make mine from the yacht, it won't be out of dry dock until next May, you'll have to wait.

Clean, freshly painted walls and ceilings, dry basement, off street parking, good school district, low crime so relatively safe neighborhood - those were the things tenants seemed to want most. 

I hate to say it but with zero  experience in  development, or real estate for that matter, it would be near impossible to obtain financing from a bank without a huge amount of skin in the game, like 40-50% or more.  

Regardless, I hope that you are all staying safe and that your rental properties and personal homes are staying dry!  

If she can't wait for caulk to dry for 24 hrs she won't be able to have no shower for 5 days.

Yes Linda, a Hard Money lender will issue you a POF Letter provided you can show that you do have capital to invest as well "skin in the game" as they say.  

I have thick skin so I know being yelled at is just a part of the game.

What he's politley trying to say is, it has dried up for those who were picking the low hanging fruit and failed to find the cheese when they moved it. 

Plus there is a huge body of knowledge required to develop bigger projects.Second, it takes time to amass enough of their own capital to able to have skin in the game in their projects.