Some companies do it well with stock market triggers that allow them to break the lease, but soo many people lack the sophistication or knowledge to keep risk low when leasing multiple properties.

These cities are created and built for the most sophisticated hard worker.Basically one need to work in Bay area and stop complaining.

Sophisticated investors invest on cashflow where the rents exceed the mortgage plus expenses (and enough money to pay for professional property manage to do our dirty work).

Fairly sophisticated as far as doing the calculations (if you’re not putting truthful info)The one I use is Realpaycheckstubs dot com or something along those linesMay be worth checking the site to see ALL of the different templates they have so everyone can be on the lookout for them.I work in Insurance (mostly auto) and a lot of my business is from car dealerships.

You are of course free to make your own decisions about your life and the impact you wish to leave in the world.This is not a sophisticated investor targeting vulnerable old people and then taking advantage of their weakness. 

One thing I found to be important when vetting PM's is to ensure they use a sophisticated PM software and they give you access to it.

I just don’t think that would have much success when you are going after more sophisticated sellers of large apartment complexes.

thank you all for your expert and sophisticated responses.

Best way to underwrite these deals is to understand all the costs and potential (including what it takes to get there) along with time.Taking all of that and plugging it into a sophisticated proforma to evaluate the deal along with the risk (sensitivity analysis) to understand what the true value of the asset is.

Here, your lender would be entitled to his interest (and points if he’s sophisticated enough to require them) and you would keep the remaining profits.Only about 1347 variations on this, but those are the basics of an equity interest and a debt interest in a flip.