"We're in a unique period where brand-new houses can be built for a low enough cost that single family rentals can work."

It won't be an issue for commercial notes.Modifying a note is the same extending credit as a new loan.I can assure everyone, you are getting a greater insight to the SF issues in this thread than you will with any seminar/pitch or mortgage broker spiel.As Ken pointed out, many of the issues in lending are not unique to one type of activity, ECOA is applicable to any credit activity.Donna, very well said.

I think what many of us will need to start focusing on are the medical costs now with Obamacare front and center.

I like the approach of just jumping in and doing a deal, but I also don't see anything wrong with working for someone else, earning a salary, and starting your own deals at a higher level.Here's another component that's unique and pretty cool: The Utah Real Estate Challenge.

Yes, I am in a unique situation.

Since my credit is horrible (bankruptcy due to medical) and I will not be able to save much money I have looked into creative ways of doing it.I know a little about the owner financing, and subject to type deals.

The reason is the purchase price tends to be smaller and they are all highly unique and one off type deals.When you get into the larger deals in price (millions) things are more systematized and the level of investors are repeat sellers and buyers instead of one off deals.The small stuff can be okay in rural towns where things are a one stop shop and you mix in big and small.

They have not sold it to just anyone because they didn't want it to be another cookie cutter mountain top community.( I am looking to put in a Co-housing Community)So the return on investment is more from the stance of putting my name to something unique to my area & something I am passionate about.

Here, the restrictions aren't too bad as to residential, if they are on a federal register you may have other issues.The market is so unique that values may not be impacted at all by local market fluctuations, economic conditions or other factors that usually influence other homes, at least here.

People die, become incapacitated, get divorced, get sued, take bankruptcy, qualify for medical benefits, go to jail, try to obtain financing or speak to Realtors or their tax advisor who may inform them of the issues.