Generally speaking though, this asset class can be argued to be one other most management-intensive. 

I have only tried it twice so just wondering what the more experienced investors think of this, or is this just something that people talk about to try and make a real estate investing negative seem not so bad? 

Have your attorney send your contractor a letter explaining your dissatisfaction, any legal, ethical, or moral violations his operating methods result in, and making him an offer BELOW your “target” amountbest of luck I have an attorney that I considered speaking with on this matter, but I’m not sure that he specializes in things like this.

Congratulations and keep up the great work because you are providing a wonderful service and positive experiences to the community that typically has negative experiences in housing oh too often.    

Does the tax deferment still substantiate the negative C/F?

I saw some old negative posts on BP about Blue Gate but nothing within last 2 years and I didn't find info on the others. 

It’s not always a smooth ride, but those first bumps are where the real lessons hit hardest—speaking from experience—mistakes and all.

I did speak with one of them.

Just be 💯 certain that you'll be able to refi that HELOC debt off when the time comes.However...At this stage in your investment career, I would URGE you not to sign up for negative cashflow in the hope that "the market" will save you.

It's a longer term hold play, so not much income to speak of this soon.