@Ben Leybovich  if you set up Turn key in the manner your talking about it WOULD have to be syndicated as you would be selling a security.And these folks are just buying rental houses nothing more nothing less. they can also just contact a realtor just the same and buy off of MLS nothing says they need to talk to the actual rehabber or turn key marketing company..Much of this business is just new investors getting started in Real Estate.. and the belly of the country has RE priced for new investors IE they can get into the game with 10 to 20k down fairly low incomes and good credit... 

And while nearly all of us know exactly where our phone is at this very moment, you probably couldn't say exactly how much juice it has left in the battery (without cheating a look).

But there is no doubt some folks have really juiced their post numbers through that practice and there is a subliminal thought process that for some lots of post might mean greater knowledge.

If you want to juice your yield a bit you can buy floating treasuries and eliminate any duration risk of rising rates. 

A str can generate 2x-4x+ as much revenue as a ltr so you can really juice your returns.

Make sure the Belly band is kept caulked to avoid leaks.

He has 2 months of deposit with us (and a lot of $ invested in furnishings), so the chance he goes belly up is small, and if he does, we'll be covered with what w're holding (and since I'd now have his furnishings, I'd consider to do STR myself if it came to that). 

Real estate is now a hobby and satisfies the drive and keeps the juices flowing.

If the thing goes belly up and borrower can't pay, bank is now stuck with what is a regular multifamily building..

If not I will weigh the pros and cons and see if the juice is worth the squeeze.