In essence he appraised the land value and appraised our blueprints and then loaned us 80% of the combined value on a construction loan.

The tenants very rarely miss a payment though, because if they don't meet their part of the agreement, they can be disqualified from the program all together.  

As an entire package - the TP CRM, Market Snapshot, and the website, in combination with other services like L2L, CallAction, and realtor.com, its a good setup.

We have recently started one in Blacksburg and would like to possibly combine our efforts :)

Rarely do I have a unit that's empty more than a week (sfh). 

combine the two and that leaves Brookline in a C neighborhood!

Unless it's one of those rare deals on a condo. 

But..this is extremely rare - and I never heard of this on a standard home bought by a small investor.

I build "education time" into my schedule its usually first thing in the morning before the family gets up or last thing at night once everyone goes to bed rarely in the middle of the day but occasionally.

It is rare that I approach borrowers but I have a short list of people who I would be happy to lend to if they find the right project and they approach me.