Construction loans are by local banks and tend to be non-recourse interest only for 2 to 3 years.

Lower end properties tend to be higher maintenance, higher expenses, and much higher turn over rate.

Real estate tends to go in 18-year cycles because of the natural credit contraction cycles.

People tend to remember the painful lessons better than the easy ones.I see a lot of good advice here, but then I see you saying, "Yes, but that's not what I WANT you to say."

As soon as I ask them to have their "friend that does" contact me in person so I can perform due diligence on them, they go silent.I have personally found the experienced flippers I lend to tend to want to obtain 100% financing from a private lender like me.  

I make sure that deadline will give me enough time to find a quality tenant, I like at least 2 months since the better tenants in my market tend to plan ahead.  

That level of doors you cannot afford a full time repair person and buildings at 50k  a door tend to be C type properties needing constant upkeep.Typical down is 25% but you can do 20% but interest rate rises which affect the returns versus the cap you are buying at.

They are nice but tend to have one mission.

Military Orders tend to trump almost anything, especially if it is from the Government, like a loan. 

We have found that the kids just tend to do stupid things every now and then but we always get our rent on time.