Now, these outfits hire lots of influencers and affiliates, with no expertise, no financial background, and apparently limited ethics, to put it kindly.

If so you should be able to cancel but if you are doing it out of the inspection period you are stuck and could run the risk of losing your earnest money if you put any down. 

If you buy with 0 leverage, you are so hindering the return that I question if it would be worth the effort/risk in San Diego. 

While you are at it, put the next person on MTM to create some equity in the contract when you have problem in the future.

.: Two things to consider: factoring in risk and opportunity cost. 

Seems to eliminate the risk in trying to find tenants yourself and making sure they all pay.

You are right about high risk of default.

It closely aligns with the principles of the BRRRR method.Low Risk of Natural DisastersNatural disasters can wreak havoc on your property and the surrounding community, causing job losses and the closure of businesses, which often forces residents to relocate.

If I have highly leveraged properties, as long as they cash flow, the bank takes the risk with me. 

Add risk adjustment.$140k/$1mm return.