We wish you the best in your housing search.Sincerely, [Your Name/Property Management Team]---This phrasing keeps it professional and avoids specifics, which can be helpful from a fair housing compliance standpoint.

Given that the deal is off-market and there might be limited information on pricing, you should compare the property to recent comparable sales in the area (comps) to confirm that the price is fair.

I know the state has CA fair plan insurance for high risk properties and I know its cost.  

If insurance approves the claim, I figure having the tenants cover the deductible would be fair. 

FB Marketplace is also fairly easy to use, but depending on your location it can be a waste of time.

I always play by fair housing laws but not giving me a pick in my tenant is not to my liking!

I have to ask where you got some of the info in your post because to be fair and accurate if its from a media outlet.  

From my understanding the 15-18% IRR promoted by syndicators generally does not include these tax benefits either, so it is still a fair comparison.AssumptionsI had to make a few assumptions about the property and mortgage interest rate:Property value = $180,000Rent = $1680Mortgage Interest Rate = 6%I also made assumptions related to other costs such insurance, taxes, property management, maintenance, capital expenses and vacancy.

Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.

If the returns are so good I would assume they could target higher net worth individuals, and the fact that they cobble together a bunch of beginners $50k investments is a red flag for me.3.