Curious to hear other folks' experiences.

I can understand the allure of Boise to all of those west coast folks. 

Folks are renting $1M properties in your area?

First off, I would speak to folks who run these types of businesses.

BP has the calculators, so I would just do a separate packet per property, so that folks could see how it might look in bulk.The local REI group meetups are also good for getting to know private lenders, who have some spare cash sitting around.

Other questions folks might ask you is, whether it's just porches and common walkways, or also the parking area, also sidewalks, etc.I only say this because I've had "misunderstandings" a few times over the years about exactly which snow was going to be removed :-/

You should chat with @Brian Mangus, who is involved with an investment group of military folks!

The syndications I invest in fill up their 99 investor slot maximums very quickly because folks are waiting in line for their next deals. 5-7 years is the ideal period for which an effective value-add or opportunistic strategy will play out. 

I’ll probably stay away from Note funds until I know the actual folks running the fund and know I can trust them.

People don't make as many babies as they used to, so those folks view the extra rooms as just extra stuff to clean, they aren't going to AirBnB the home to potential child molesters where their 3 year old and 1 year old live.