No way it's paid off in 5 years.

Like I brokered a 22  lot development of duplex's for a builder and just charged him 30k flat fee per sale.. they sold for 225k each back in 05 when I did this and I sold them all in one weekend at a big event i paid for in San Jose CA.. all to CA investors it was my fly and buy program I did in those days..

But man, I starved for years before it paid the bills.

For the LTR, we used(took off market yesterday while trying to decide on the said topic) market it at $2050 with concession of $1000 with all utilities paid for by the tenant.

However, in addition to QC efforts it has saved money, and I will use the following example:A woman checks in with 2 small dogs claimed and paid for. 

My neighbor around the corner just paid 4.5 MILL for a 3500 sq ft house, that s grossly overpriced, 1100 a sq ft, obscene.

You are right about the risk that comes with the holding period but in my opinion sometimes you have to take the risk and make sure the profit that you generate is higher than the costs that you paid by holding the deal for a specific amount of time.

Some landlords have not been paid and some tenants are unable to make up for the rent owed by IHA and have either been evicted or are in the process of.

Here’s a BP blog for more info on this - 9 Vital Questions to Ask When Vetting Your Real Estate Investing TeamNo property ever paid the rent.

Paid $26k, sold for $80k over 30 years.