So, David L, if your objective is a successful exit (or even predictable returns as forecasted - which was my objective), my opinion is stay far away from Open Door Capital.   

I believe it would have been up another .5%, but we canceled guests across all properties three times last winter when the weather predicted 4 to 7 inches of snow.

I'd predict that by the start of the third quarter next year the FED will have opted to lower by another 25 or 50bps and rates will truly start going down.

I never predicted that it will fail.

But if set up correctly, they can be more consistent performers over time and have more predictable cash flow. 

Problem is only "RE pros" get to do it.There are 3 income classifications in the US - Active, Portfolio, and PassiveActive income is income derived from your job, or normal trade or business.Portfolio income is derived from bank instruments - stocks, bonds, etc.Passive income is income earned from investments.Active losses can wipe out both passive and portfolio income, but it doesn't work the other way around.Portfolio (capital) losses are limited to $3,000 annually.Passive losses can only be offset by passive gains.Real estate rental income by its nature is deemed passive per IRC Sec 469One way to get around it is to become a pro - spend more than 750 hours or 1/2 your time in real estate.But most folks aren't real estate pros.

Predictive analytics are only predictive.

It is straightforward, results are more predictable, and repeatable just like the BRRR, but it's slower. 

My final confirmation to invest was that my own CPA firm was the firm who signed off on their proformas and confirmed they were performaing as predicted. 

There are other options such as harvesting capital losses on other financial instruments, but the stock market has been pretty good lately, so that may not be an option.