I think comparing to the two-- syndications vs index funds-- is too difficult because of the nature of the specific RE under the syndication versus the broad economy(global and domestic) the index funds capture.

Establishing an in-house servicing operation is a natural complement to the company’s core business purchasing and repositioning past due residential loans.

So, back to the original question of what if you just found natural buyers for homes?  

Tools were recovered and pest control was terminated.So we are naturally in a very secure area in one of the safest cities in CA.  

Quote from @Stuart Udis: The natural buyer of the entry level SF homes have limited cash and therefore the biggest obstacle they face is funds to close.

I also assume a 3-4% yearly rent increase, which naturally increases the vacancy and repair amounts over time.

The key factor is the amount paid and the nature of the payment, not the payment method.

By nature a business is all about cash flow, equity is second.

So I believe I can pursue this in September since the judicial council has ended the eviction moratorium so court proceedings of this nature other than covid can proceed.

Then since your out of control your subject to human nature.