@Bryan MillsWelcome to Biggerpockets.

However I am in new territoryI recently got into a partnership deal in Bryan college station, tx BCS.

Originally posted by Bryan L.: The best way to find an investor friendly Realtor is to become one.

Bryan,I think the GC should vet the home owner same the home owner vet the GC to make sure the person hired them is the owner of the property, and they have funds to pay when the job is done.Joe Gore

Since I've never participated in a syndication or used a fractionalized note, my point of view may be way off, so let's tap @Jay Hinrichs and @Bryan Hancock for their expertise.

Yes sir @Bryan Otteson !  

At some point the landings and stairs rusted out and had been replaced with wood.

@Bryan Pham Thanks Bryan, I appreciate it!

we are morphing more and more into the new construction.. which I kind of like better than big rehabs.. more controls and stuff is selling in the markets we play in.. usually at framing stage.. so risk it mitigated.. its an exiting time right now no doubt and those that saw the buying opportunity and took advantage are looking good today.. the fact is in those areas your buying in and many areas of Ohio and rust belt homes are still available for far less than replacement cost even if the dirt was free.. so they are not over priced from that stand point.. the only thing now holding them back is rent.. if rent don't rise and most investors will ONLY buy if there is positive cash flow with minimum down.. then values will stagnate since these areas have little to no sales for owner occ.. 

@Dharmesh Shah  PS I am in no way endorsing any notes or the OP note product I just clicked his site and without registering you can see some of the notes he has bought and the % return they advertise  along with the asset location ,  as for quality you can get feel by the pictures the rust belt stuff appears to be whats known in the industry as low value assets.. and due diligences warrneted for sure