Similar product but lower down payment.Is this the company you're referring to? 

Housing inventory is a by-product, while interesting, it is not the salient part of the focus.We won't know until next January, but it's interesting to watch and see if promises to reduce the government are kept.It's been fun.

We also have a lot of hands-on experience with residential renovations, which we plan to leverage as we grow.We're actively looking to network and build relationships with:1) Agents, wholesalers, and investors who know the local terrain2) GCs, designers, and architects with small multifamily experience3) Lenders familiar with investor products and creative financing4) Anyone who’s willing to share knowledge or collaborateIf you’re in Atlanta (or nearby), I’d love to connect, swap stories, and explore ways to support each other’s goals.

This product has been around since 2010ish, there has never been a wave of defaults, even through COVID.

Each of these programs wanted quite a large fee for their product.

I've been noticing a couple of the bigger builders like Lennar had quite a few complaints after buyers bought their newly developed products, so I would imagine that "mcmansions" are more common than we'd believe.

You're saying the secret to success is the "ooh, shiny" effect that some people get, leading them to pay a premium for the product. 

It'll save you tons of time and you'll get a great product. 100% worth the investment.

Not only will you have less risk of making a bad investment, but you will also learn a ton about the product that you'll be selling.

Most of your cheaper, high leverage HML products are instituational paper, which are going to behave more like bank underwrites than private lending.