I tend to believe we are isolated from drastic "corrections" because of the many things that make Asheville so appealing. 

In my experience, homes with window units only require a specific buyer versus having an HVAC which most buyers tend to prefer.

I would tend to agree with you and believe it is too good to be true, but I would also love to be proven wrong 

This strategy tends to shine in a "Buyers Market" or with FSBO homes that have been advertised for a while.

I can tell you what I see on the NNN commercial side nationally when buying for myself and searching for clients.Cold belt states tend to be least desirable, followed by mid belt, followed by warm belt most desirable.

I tend to agree with most on here in general that one higher quality property is the better route BUT- Are you sure they are profiting now?

People with permanent housing vouchers tend not to move often, so you should compare vacancy in both property size, type (detached/apartment), and payment source as much as possible.Generally, you might want to consider just sitting down with your insurance rep/broker and your own household finances to get a handle on what's covered and what you're seeing for expenses in your own home.

They tend to focus on “midsize” landlords, people with 4-30 properties. 

People tend to believe they should do what they like/want and sometimes even believe its "the only right way".

lots of good threads at the syndicator and fundraiser review thread      would check out the https://www.biggerpockets.com/forums/-syndicator-and-fundrai...but try to find a syndicator with experience, >20yr so has been through down-cycles, and also one that puts a lot of their own equity into each project, so their interests are aligned with the limited partners , from my research, there are a lot of syndicators whose fee structure tends to incentivize too much risk taking.