The small fraction left over after all that is what they actually keep.

And 60% of them have 5, 10 or more offers.We need demand to shrink to a fraction of what we have now, either because buyers don't want to buy anymore (and prefer to rent) or they already have bought.

Consult with a real estate attorney about fractional ownership.  

My thoughts are:- Last years' tax return/W2, 2 week old paystub or bank statements verifying income, 680+ credit score- Background check using Zillow or some service- First prorated months rent plus security deposit of 1 mo rent- 21+ age for any lessee - Each occupant named on the lease agreement and requires same qualifications- Gross income 3*rent, or the fraction thereof for multiple tenants by a factor of 1+1/(# tenants).Some things I can think of to add to the template above:- Pet policy max weight, type, number, charge- Outdoor quiet hours 10pm-7am (or in accordance with city ordinances)- Approval prior to affixing anything to the structure, drywall/walls, or painting.

This must be fractional ownership or something fishy with the building?

They also are restricted to no more than 4 units and all units have to be residential...there are some programs that allow for a fraction of the property to be commercial, but I have never come across a property with mixed use that qualifies because usually the commercial space is greater than the residential which makes it ineligible.

I found a contractor to replace the gates for a fraction of the price ($1700 for 3 wood back patio fences/ gates, including all materials), and there was contention about the way he wrote the estimate (which was identical to the $6k gutter estimate, except it was written, not typed), and they asked for an arbitrary re-write.

Would you be interested in fractional equity you can hold in tokens?

It holds a fraction of the information on the screen at a time as the old forum format.

Think about it this way, if expenses grow 3% while rent grows 3%, you will have increasing NOI over time since expenses are a fraction of gross rent (say 30-50%).