Getting a confessed judgment to stick takes about the same amount of efforts as bringing a foreclosure action or suing under a guaranty.

Given the hotness of my local market and the trust I've built with them, I could probably raise 100k-200k of private money with minimal effort.

Good luck and let us know if you managed to get any profit and if your time and effort was worth it. 

If I fail in my initial efforts to approach PMs and LLs on my short list of target properties (these are very small neighborhoods), then I've decided to go with some combination of advertising and direct mail.

Also there is generally some wording at the end that is something like "While we have made a best effort we cannot see behind walls/panels etc so get each system inspected individually".

While a little more headache up front to setup and some ongoing maintenance efforts the income is way larger which help the NOI (which push the value up) and the owner can also depreciate the costs of the machines and write off the expenses of the normal maintenance costs.

If I am personally signing on a note, I am comfortable in the 50% to 80% levered position, and make sure that I have enough positive cash flow (cash on cash return) to make it worth my effort, depending on property type/location etc.

@David LaukaThere's been some buzz about revitalization efforts there.

Thank you for your comprehensive answer..Wow, that is brilliant.

That said, some loan officers have a fair amount of easy loans and may become a little picky as to what they put extended effort into.