Talking to previous landlords can give you a clearer picture.For inspections, the first one is usually pretty straightforward.

and unfortunately there is no straightforward or clear answer.There are a ton of lending scams out there, the most common being the upfront fee scam.

There are other players in the game to compare with like Kenny Bedwell at STR Insights or Bill Faeth's coaching.

Compare to your SFH model:If your BRRRs are pulling 30%+ returns, this building will feel slow and heavy in comparison.

For those who have experience—what made you choose notes, and how did the returns compare?

Hi Noa, great question private lending can definitely open doors for investors who want speed and flexibility compared to traditional banks.

It’s not quite as straightforward as listing a bunch of blocks to stay away from, since it’s so large and intricate.

The rents are comparatively high compared to the loan amounts. 

I like near water as home values usually stay high, out of high flood risk areas That’s a great question and one that a lot of people run into when first looking out of state, because while the numbers and spreadsheets are straightforward, actually narrowing down the towns is usually more about weighing long-term fundamentals and demand drivers; when you’re evaluating towns in the Carolinas, you’ll want to not only look at the rent-to-price ratios but also consider how resilient the local economy is, whether there are universities or stable employers nearby, how infrastructure projects or population inflows are shaping future demand, and whether the city or county has landlord-friendly policies since those can make or break your experience.

If it is not a matter of price, meaning you see other units in the area renting for the amount you are aiming for, but not getting bites, then I suggest going out and looking at the comparables.