@Patrick FlanaganFor me as long as the cash on cash ROI is 8-10% I’d look to markets that are less vulnerable and that guy can find good property managers and vendors in.Always be open to new ideas and new markets.

Mental health services help vulnerable adults with stability-Meds, counseling, even places to live.  

Not only does partnering with a great, national manager allow you to spend more times working on your investments, it's also a way to enable yourself to invest in several different markets ultimately diversifying your portfolio and adding less vulnerability to your assets. 

Also, @James Haig Streeter To the extent that the DST would be vulnerable, we add the language that any person obtaining an interest by way of a lawsuit receives no control rights and is not entitled to distributions as a beneficiary.For the BRRR strategy specifically that you mentioned, you either run the risk of the extent of any upgrades being impermissible as improvements, or rehab it while the property is held in your personal name first, and then transfer it in after done. 

Congratulations for stepping out on faith and for being vulnerable and authentic!

And you are most vulnerable when just starting out, because you don't have all the other properties helping build your reserves.  

Hey @Ryan Holyn - I absolutely love this post and your vulnerability. 

Insurance is a contract and if you are not mentioned on the contract then you are not a part of it and very vulnerable.4)You should have a contract with your PM company authorizing them to represent you and sign the lease with the tenants.

Joe is, in my opinion, making a risky move that leaves him very vulnerable if things go poorly. 

It's a fun concept to talk about it and this concept no doubt sell courses to vulnerable or desperate newbies.