SubTo, by it's very nature, is FRAUD.

This immediately struck me as odd as I wasn't aware of any form of compensation to the PM for any maintenance related activities, just 8% of gross rent and 1-month of rent to lease the property, per our contract.Naturally I wanted to understand the nature of this arrangement, specifically how much mark-up is being charged, so I referenced a specific sewer repair bill from 2015 that was $2,600 and asked him if he could provide the vendor invoice so I could understand how much the vendor charged and how much revenue the PM recognized.  

I'm naturally skeptical and was about to pass it up, telling myself that I probably wouldn't learn anything that wasn't already on YT or BP or in books.

When you run the numbers, there could be a scenario, on paper, where this makes sense cash flow wise, because of the interest only nature of the HELOC you have.

Section 8 tenants are by their nature low quality people who are very irresponsible.

Proper management and vetting of tenants can win people over but I think it's also human nature they'll never agree that it's better than what they thought should happen.  

Surrounded by mountains in a valley that naturally constricts growth there will continue to be a shortage of housing.

I am a real estate agent and a local investor as I said and investing in tourism sector in DR has different benefits:1- tax benefit ( no paying tax for 15 years )2- ROI +8% 3- Great Appreciation (natural and forced)4- financing 0% by the way, some residences are working with international tour operators and resort administrations like Windham who guarantee +60% occupancy over the year on your property. ( this is for long-distance investors )If you or anyone on this topic has any questions about it pls answer or DM me 

I would rather focus on the details of the credit report (such as collections and delinquencies and nature of those issues).)

I'd disagree with the sentiment expressed in the post as a high density urban developer who handles entitlement in two markets. we wouldn't even touch a site that we couldn't get 50 units an acre on at a minimum. urban adjacent neighborhoods allow for this but not suburban. neither do the 2-3 story nature of build to rent properties the density is very low.