I.e. a group that was getting 30+% returns out of a 2017 acquisition with a sale in 2019, should be looked at loosely against other sponsors with deals of similar acquisition date, as general market timing is really going to be 90% of the overall return, with the operations only accounting for a small part of the overall return.  

Discount Brokerages are LOOSING market share not gaining.

California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

I have an organization and a cost structure that is built for 500k deals, we'd loose money on a 150k deal with % commission.Wholesalers can take a 60k house and mark it up 10k.

California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

Fund investors will get their preferred 12% first and then any excess return goes to Dave and his company.  

Fee's are also expensive for nothing (using nothing loosely). 

They are great deals in markets like this, but if you get in a bad neighborhood, you can loose a lot. 

If you plan to scale at all, that will result in an excessive number of accounts and cards to keep track of.

As a company we are considering a third party that offers virtual/face time walk thru's where human engagement occurs from the first phone call, until 11pm, weekends, holidays included- where the prospective tenant is loosely (virtually) tethered all the way through showings, feedback, follow ups and ultimately application process.