Purchase price: $34,700,000 Cash invested: $7,500,000 192-unit institutional class B+ property located in between the Research Triangle Park area and Greensboro, NC.

don't want to post any of those details from their Webinar until the deal is closed, wouldn't wish to scuttle/affect their deal other than they are assuming agency fixed debt at a good rate.but they don't mention what percentage of tenants are section 8, but do say that Sponsor has specific experience in this class of MF, don't mention if they are putting any capital into the deal nor capital call provisions, they most likely specify all that in their Offering Memorandum, which i have not requested, as I didn't think the returns quite merited the risk right now.

I find this to be a relevant income level for most of our tenant pool, unless you’re focusing on our A class areas of course….

Is anyone interested in a class action against this company?

Oh wait, I think the class action participants might get $50 each.

Say what you want about that but I'd be looking out for myself and if the person doing the reference checks isn't smart enough to go back further... that's on them. in markets for rental areas that have high proportion of tenants  like the mid west were something like 50 to 60% of all folks rent.. your telling the truth flat guarantee most landlords with a bummer tenant is going to say anything they can to get them to move on.in nicer areas of A class 700 fico tenants this is not really as big of an issue

They buy homes in upper middle class to lower upper class neighborhoods which represent solid appreciation potential and reasonable upkeep/taxes/insurance expenses.  

Besides, some actually see it a as a "sign of professionalism" (it was kinda odd to me at first) when they realize that I have multiple properties.I would agree, however, that if you are investing in some lower class neighborhoods as has been discussed on BP, I would need to take steps. 

@Ivana Ivanovic most Turnkey Companies took advantage of the drop in prices after the Great RE Crash in 2008-2010.While values plummeted, rents didn't, allowing Turnkey companies to buy properties relatively cheap, fix them up and still sell at a profit due to relatively high rents.Around 2016, they could no longer do this with Class A properties, so they moved to Class B.Right after COVID, they were forced to move to Class C properties.What do you think most of them are doing now to justify selling at profitable prices for themselves?

In most C-Class areas in Detroit, for example, tenants are bringing their own appliances.