Btw I don’t claim to be an expert here I’ve just heard enough wealthy people talk about this.  

What am I missing? 

This leaves the Landlord stuck missing the rent (or deposit, depending on what you did with the last month of rent) and a tenant that failed to leave and you are one month behind on your eviction process.Best practice: do not apply the deposit to rent.

Areas that have been good 30 or 50 years ago are still good today.One wildcard though.The city of MKE has initiated a projected called GrowMilwaukee, which is based on the majors vision to increase population (for fiscal reasons, more people per square mile) and they have identified the lack of midrise mixed use districts - they call it the "missing middle".

There are buyers who are only looking at single story homes and they tend to be older people with money.

Whenever you are using leverage, you need to have ample slack in the system and sufficient cash reserves (or access to cheap & instant cash) to cover vacancies, capital expenses, unplanned maintenance, and other issues to avoid missing your note payments. 

I’m still unsure if I am not talking with enough people or I need to change the structuring of the fund in some way. 

I find it hard to believe they'd call a list of 738 people for just $25.

I'm looking to connect with people in the note buying business.

A hard money loan is a type of loan used by people who want to buy houses but can't get regular loans.