@Par Attaran   its not long term.. folks just don't understand how these low end rentals are cycled .. its never ending your rental pool is the least stable American in the US.. also can be the toughest on the properties.. this leads to turn over and high rehab amounts.why else would all these homes need major rehabs to resell.. ( although morris is doing any thing but major rehab.) 

Quote from @Chris Seveney: @Jamie BatemanBasedOn the hud hecm pool looks like a lot of people wanted to buy foreclosures…. 

Horrible.The REIT is essentially a "blind pool" investment.

While this approach ensures more reliable tenants, it also limits the pool of prospective renters, making it challenging for individuals with less conventional financial profiles to secure housing.Given these challenges, I have decided to exit the Ontario rental market.

Sponsor is relatively "hands-on" with a concentrated pool of investments. - Concentrated investment thesis and focus: I am paying a sponsor high fees relative to a REIT for concentrated expertise in a narrow niche.

This reserve amount represents roughly 2–3 years of projected repair costs, which might be a conservative approach, but it gives us a buffer for unexpected, high cost repairs when they pop up.With a larger portfolio, the reserve pool wouldn’t need to grow proportionally, as funds and repairs can be balanced across properties, allowing costs to offset each other over time.

I’ll sell to anyone with the down payment but most people don’t seem to have it.I guess I’m different in that regard I usually ask for 10% down.Every house I have sold in need of repairs they have fixed upI ask them how much they did it for or how they did it, their cost is 25%-50% my cost because they get the labor part for free from their community or themselvesThey are more community oriented than us white folk and really lend a hand to each otherI guess where this may be predatory is offering extremely low down payments which would also open up the buyer pool

Usually less time on the market and your renter pool is larger as well. 

Enjoy the beautifully landscaped backyard with a covered patio, pool, spa, and RV parking.

More likely now if you find a willing property owner you will sign at best a 24 month lease lets say at $3,500 a month for a nice 3/2 with a pool 5-10 mins off beach.