@Joel Zwemer There are various potential issues to inspect varying by size of property, type of property, age, visible condition, construction type, location, geographical issues, and the list goes on.

Hey Guys,As mentioned in the description, my fiancé and I are currently living in a condo with about $131,000 worth of equity in it and want to move due to a noisy upstairs neighbor.

Knowing your geographic area like the back of your hand is what allows your to quickly recognize potential value in a property.

I'm rooting for you, and I generally applaud optimism ... but your description sounds alarm bells.Also, remember that seeing something that could be a deal and actually having the opportunity to acquire it are TOTALLY different. 

Basically buying performing mortgage notes or deed of trust in different areas to diversify your geographical exposure.

Our argument is - especially in the geographic region of the NC Blue Ridge Mountains - there is a strong desire for tiny homes, vacation rentals, and investments.

I personally name campaigns with the date and an abbreviated version of the goal (i.e. 1-30-18: SL-Pre-Qual).Select whatever geographic location your market is in.

It's a micro-geographical and asset-specific conversation on "class" of an asset or tenant/area.

Are they all in the same geographical area? 

I published an actionable description of our process, step-by-step, here: Becoming a Private Lender.