Unfortunately after the housing crash, lenders stopped doing those. 

The government of Florida (and other states) require building inspections and money be set aside (Reserve Funds) to fix problems so that things like balconies crashing to the ground doesn't happen.Her HOA has underfunded their reserves.

Is it a gamble to move into one of these neighborhoods if the market crashes?

It was a great crash course on the basics of a RAL business from location, staffing, patient selection, and branding.

The main thing I learned from looking into syndications is properly vetting whoever you're investing with and finding out how they weathered major hurdles like the 2008 crash.

It's a feeling.And I'm surprised that you think the RE market can't crash 50% when it crashed 50%  between 2007-2012.

. 😁 HAHA True.... in san francisco's condo underwriting, it's now better deal than Phoenix or Miami.Some sub-market specific already in crashing mode. 

Thanks, Sam - I don't know if I fully subscribe to the 18 year real estate cycle, but a huge market crash is already in full swing in various CRE asset classes, including multifamily.

Several things to contribute here: 1) Private Lenders with no credit experience emerge doing down payment and 100%/High LTV financing at the end of every cycle, 2) they're among the first to loose their shirts in every downturn, 3) although someone termed this type of lending "gator", it's not new, 4) the guy that coined it didn't get into real estate untill well after the last crash, 5) he has no real credit background or experience (he's never been a lender), 6) Google the guy's name and "looses professional license in AZ" to see what pops up, and finally 7) he's really effective at telling people what they want to hear, filling their heads full of hopes and dreams, getting them to buy his training, and his minios generally won't want to hear what a real, seasoned lending vet will try to tell them.

@David Butler is it high risk though (aside from a depression) in 2008 crash and years following homes here half the size of mine were still selling for 600-700k.....When I look at my worst case ( I would have to sell alot of my rentals to pay the hard money back in full) But other than that, I dont see much risk other than my profits beginning to dwindle to a 100-200k loss....