Thanks again for taking the time to share your expertise! 

I am left to wonder, though some investors with SFR's are doing it successfully, is the risk too high for the reward?

And if in yr 4, you SELL, and reap the reward of $100k in appreciation, now your "realizing a gain" from the appreciation gains. 

We have been working to be extremely conservative with our estimates but with this being our first go at this, any additional expertise is greatly appreciated! 

Quote from @Waruna Yapa: Quote from @Patrick Roberts: The competence and expertise of the lender absolutely matter, as do the terms of the product.  

Thanks again for your time and expertise. 

It’s great to know there’s such a wealth of expertise here to help navigate the lending side of real estate.

The $200 cap rewards the class A doors we want to manage, and the $100 minimum weeds out the doors we don't want. 

I suspect there are already excellent deals, and that there is reason to believe that buying will be rewarded handsomely over the next 10 years, but that the "bottom" may still be 12-18 months away in a market like Tampa. 

Obviously, with any investment, if there is more risk, there is more reward.