We have created work instructions for every step of the process so we can maintain consistency in how we evaluate properties, communicate with tenants, market our properties, handle rent increases, manage property turnover, etc.....

With $150k cash, if you look at Columbus Ohio, you can easily buy 3-4 positive cash flowing rentals here.

Because later, you can easily use it as your mailing list!

Quote from @Evan Polaski: @Chris Seveney, I hadn't looked at any details on this offering into now.Things to consider from their own marketing:Operating partner has done all of 10 flips.Their entry price point is a price that I would expect any truly experienced flipper to be able to take down very easily on their ownTheir historic IRR, while high by MF standards, is average, at best, from my experience with flips, and it is unknown if this is net to LP returns.I have flipped homes myself, so am not their target investor.  

Here's a general approach you can take when evaluating lenders like this one:1.

If it's not then maintenance can easily eat away at your returns.

Above are just hypotheticals, but they bring to light the point, which is, evaluating opportunities requires apples to apples comparisons. 

The common areas "look" like the pictures, but the house could easily use another $80,000 in renovations.

All of what you mention can be done easily with Podio configured for REI CRM. 

Less electricity, no chemicals needed (drain easily and have the proper systems for it), and can have  the same effect.