I am just defending the poor “Covid syndicators” who are doing things right. 

Consequently many inexperienced investors make investment decisions based on where they can afford to buy, not necessarily where a good investment thesis may exist. 

Tell them what you're doing, give them the option to make their own decision whether they stay or leave.

FHA is only really the better option for poor credit - otherwise a 5% down conventional loan is cheaper and less stringent.

That works much better at 50+ unit properties.I have made the decision to invest exclusively in SF homes a long time ago, because it requires the lowest amount of management and provides the highest revenue per unit.

Quote from @David Waite: As someone who actually invested in these notes - perhaps too much as they comprise almost 15% of my investable assets - I am also worried about where this is going, and kicking myself for making a decision based largely on reputation with only a cursory review of what I was signing up to.

@Sushil Iyer Was your decision to pass based on a financial reason or something else?

Befriending an Architect is likely the best business decision flippers & developers could do.

.🔴 Overly optimistic projections: Unrealistic ARV (after-repair value) or underestimated rehab costs can signal poor planning—or worse, a lack of transparency.🔴 Incomplete or disorganized documentation: Missing detailed plans, financial statements, or timelines could mean the borrower isn’t ready to execute the project successfully.🔴 Over-leveraged finances: Borrowers with excessive debt or insufficient personal capital invested in the deal could pose a greater risk of default.🔴 Questionable property comps: Overstated market values or inappropriate comparables may mean they’re inflating expectations.As always, thorough due diligence is your best protection.

- To actually make money investing in S8 rentals, you'll need to develop a thick skin, so you can make business decisions that often conflict with one's humanity tendencies.DM us if you'd like to discuss more.