I love this quote going down in the note book and gonna put it on a sticky note on my monitor. 

Mainly trying to monitor refrigerators.   

Chloe, agree that screening is worth its weight in gold.  

Each lender looks/weighs different criteria differently - some place more weight on debt service, some on income, and some on appraised value. 

There's also a huge casino being built and I'm networking with the construction company to house some of their workers once we have more units available.Over saturation could be an issue but I've been monitoring the new supply in the market for the last 3 months and there hasn't been any new MTRs added.

. , you could check out Verivest - it's a new online platform that "verifies" and vets sponsors with background checks and monitors the deals to make sure everything is kosher.

There are usually some good, local investors that monitor those forums.

Once you send the wire, that is where the passive part begins and your only role is to read reports, monitor distributions and connect periodically with the sponsor.  

To help navigate "where should I buy" I'm currently building an automated (API driven) database to continually score every county and MSA in the USA very 90D based on different weighted metrics of my choosing to best fit my investment criteria.

That being said, you should be executing your business plan, holding sufficient reserves, and monitoring market rates.