Higher risk structures can achieve higher IRRs, but can also break even or even lose money.

If you don't want to manage the property at all, you are losing money on the management when small scale management is not hard at all with a little help.

If they have an NMLS number, I highly doubt they would try to scam you, as they would lose their license if they did.

This would be my first real estate investment, making the decision even more critical.I understand that backing out would mean losing the $2,000 earnest deposit.

My plan is to diversify my syndications by finding similar players in other good locations.

If you reduce to $2,300 and are able to fill the property faster, yes, you are "losing" $100 per month, but even at that rate, it would take two whole years to equal the loss of the $2,400 vacancy month.

Stay in and be part of this 721 or lose my investment most likely.

Overpricing will likely lead to longer vacancies and lost income.Respond QuicklyTenants have more choices than ever, and properties that don’t respond to inquiries promptly may lose out.

The owner seems to want to not lose ownership of the account altogether.

And when they’re uncovered the attendant publicity is huge, IF the resultant loses are large enough.