It was a badly organized auction and supposed to be absolute.

@Bryn Chatterton screening applicants will be SUPER important.This is a copy-paste from our website, so ignore some of the specifics.Robust Tenant ScreeningA bad tenant can lead to thousands of dollars of losses via unpaid rents, legal fees and property damages.

I have been with Fundrise since late 2017 but all Real Estate equity (~75%) and debt (~25%) with a fairly small investment that, according to their calculations, has returned gross ~7.5%pa (growth + dividends) over that 7 year period.So the above is not bad based on general risky asset long term annual returns, but the S&P 500 has returned (growth+ dividends reinvested) ~14.3% pa over that same period (source: using https://ofdollarsanddata.com/sp500-calculator/).

Thank you for sharing the good and bad of S8. 

• Some are saying a condo isn't a bad purchase as well - it would require more patience but through appreciation I could net some profit or at the very least gain equity instead of paying rent.

I know it's not as bad as some of the other stories I've read (like barking all night), but am I crazy in thinking that is clearly a violation of standard noise clauses by any reasonable measure? 

But outright bad.

Guaranteed rent payments, from the government, and this is a bad thing?

Dude told me he had bad tenants and he wanted to hire us to takeover management and negotiate a cash for keys settlement with current tenants, then get him some new ones.

They would never look at 99% of the 154 units that are listed on Zillow at any given time.I used this exercise to show how opportunities fall through the cracks & most investors make investment decisions based on bad or irrelevant data.