It is easy to provide well-intended 'bad' advice.My questions to you would be... 1.

A PMC can get a bad reputation really fast and be forced to use only the WORST contractors that are unreliable hacks. 

I actually know other investors from Singapore that got burned very badly in this market.

When you pay cash for a $400,000 home and rent it out, your rate of return will likely be less than 6%.You could invest in stocks and earn 7% or better.You could put the money in a high-interest savings account and earn up to 5%.I don't understand why anyone would pay cash for real estate, erasing many benefits that increase the rate of return, while exposing themselves to the risk of loss (turnover costs, bad tenants, capex, etc.). 

Sounds like they are dumping a bad 1031 property into a REIT and spreading the financial burden upon existing REIT members. 

Would it be a bad idea to buy a single family home built in mid 1930's?

7.Park Canyon, Dalton, GA - bad assumptions, reaulted in need for secondary 1 yr back.

It's so bad that my last purchase was in Indiana, which was my first OOS investment, and likely will continue to look there if the market doesn't improve here.  

Definitely a bad move on my part. 

We will learn how to find and vet “good” and expose “bad” for ALL to see.