1. These should all be off-market properties. If it is an MLS listed property, it will be less likely that we find a buyer to pay cash. Example: If a property is not selling at $200k on the MLS, it’s hard to convince an investor that it will sell at $250 when it’s fixed up. It’s better to use comparables with market-ready properties’ values, without the subject property being listed on the MLS. In addition, if we decide the deal would be a fit for the hedge fund buyer, they do not want listed properties.