Where single family rentals weren't exciting to me, building and developing land and redeveloping old spaces really intrigued me.

Unfortunately there the space is leased.

Active operators are far more likely to succeed in the entry level SFH space and that's not who buys entry level homes from turn key operators. 

I purchased a quad with old boilers and the main factor with me was using the existing system and not having space for ducts.

I didn't have a Netflix account of my own at the time, and it helped me enjoy my time in their space even more.

Defaulted SFR loans - 1st position only (this has been our bread and butter over the years and we will continue to play in this space).

I'm assuming that this situation wouldn't pass inspection, but one could argue that all the spaces the guests have access to (i.e. bedroom, bathroom) are safe and habitable + the guests wouldn't be exposed to the kitchen.Also, do the city inspectors inspect other parts of the home the guests won't access (i.e. inspectors check the basement for water infiltration even though no guests would ever be living or even going down there). 

But I think it has more to do with how different individuals handle what is technically an invasion of their space and privacy.

It seems that the space is growing rapidly and it's something that I'm considering.

Hey everyone, I've been thinking about getting into the arbitrage space for awhile and midterm makes sense for my market.