And I think you get better rates with a conventional mortgage even though more paperwork is involved.

I'm very upfront about the work involved, but the rewards have been fantastic.

They focus primarily on monthly cash flow, like @Frank Pyle mentioned, but like to keep an eye on overall equity to stay nimble on future deals. 

Job sites are one of my favorite places to be.I've become much more interested in the financial side of projects and wanting to get much more involved in real estate development and investing.

Being out of state, your property can start falling apart without eyes on it, so choose wisely. 

Just a few examples: they won't allow the rehab to involve any changes to square footage. 

I self manage so I can keep a close eye when things need to be replaced.

The returns for performing loans such as these are less than those from non-performing loans but so are the risks and time spent.Performing loan brokers hang in different arenas than those involved in non-performing loans.

Second, does what they’re presenting actually make sense—without letting an eye‑catching return cloud your judgment?

They're also a lot cheaper: Stessa (free to start) and Digb.com ($1 per month to start).In the other thread, someone also suggested Quicken as an option at $50 a year but I think there's some setup involved to tailor it to your real estate needs (the person on this thread could clarify: https://www.biggerpockets.com/...)