I'm the VP of a roofing company in South Florida and work with a few good PM companies on a regular basis, a lot of bad ones too.There are good and bad PMs in each of those companies. 

For these reasons, we don't invest our emergency funds in anything that has volatility and we can't write a check against it the same day for an emergency.

Not to mention how these properties don't appreciate the same as a regular home. what are your thoughts? 

Check it out.

@Makan A Tabrizi Check with your insurance as I’m not allowed to have gas stoves or ovens.

Are there many REITs that currently regularly engage in this type of feeder based structuring for a investors?

These logs regularly end up in the Tax Court and are usually destroyed upon review.

I have 30+ units and on a regular month usually only spend about 5 hours total on management things, most of which involves collecting rents and bookkeeping.

It seems like location would be especially critical with pad-split (and similar systems), but I’d love to hear your thoughts on what to watch out for in terms of zoning, safety, or demand.Also, I’ve traditionally rented out units the regular way, so I’m curious how screening tenants works for you with the pad-split (and similar) model.

It's worth comparing terms between your current lender and others to see who offers the best deal in terms of rates and fees.Purchasing a Property: Whether you purchase through regular listings, an agent, or an auction depends on your risk tolerance and expertise.