The guru course is not cheap and you only need a fraction of what they ask to get a wholesale operation going. 

The changes in water saturation and temperature throughout the year makes the foundation heave and settle, if only by a fraction. 

No sense taking it now and having to do basic maintenance while you hold it until you can sell for a fraction of what is owed. 

BuyJ Scott's book on rehab, it has samples, and most importantly, how to use it. hiring is only a fraction of what you need.

seems like a lot of work to rip all the planks, but some are getting gorgeous results for a fraction of the costs. 

There is no difference in time to manage respective portfolios, both require constant attention and deep knowledge.As to liquidity, most investors only need a fraction of their investment portfolio for liquidity so this risk can be managed (and should be) in a balanced and disciplined manner.Leverage aspects of real estate are far superior to equity/debt portfolios. 

Anyways our cost of labor is not the same as Cali - but is a decent fraction of it.   

However, there are only a small fraction of these deals in comparison to the accredited offerings currently.

Has anyone invested in fractional equity investments and what was your experience?

I achieve more than adequate protection through the responsible acquisition of liability insurance property specific and umbrella, and I do it at a tiny fraction of the cost and hassle that an array of LLCs would cost me.