Doing an unsecured loan is a horrible idea. 

At one point years ago, I toyed with the idea of owning giant apartment complexes in multiple cities.

It will at least give you an idea if the PMs records are way off what you think they should be.

Posts like this are part of my journey to learn, network & connect with experienced professionals like yourself who have valuable insights to share.I also want to apologize for the late response—it’s been a busy few days, but I didn’t want to miss the chance to thank you for your input.Looking forward to learning & growing in this space & who knows, maybe one day I’ll be offering you in on an investment idea or I'll be the one offering advice to new investors!

They moved in and within 24 hours sent the following letter (names have been changed): "Hi Dawn and Brian,Sindy and I are frustrated, disappointed, and really struggling with the idea of moving forward with the move into your home.We realize this is the first time you have rented a property to someone, and may not be aware of the responsibilities that landlords have, and want to inform you that there are habitability issues with the home that are quite literally against the law, pursuant to Colorado’s Warranty of Habitability Law, CRS §§ 38-12-501 et seq.

I really have zero idea what you think I should be disappointed with my PM about.  

My idea is to get an apartment and make sure it’s okay with the owner to rent it out as an Airbnb.

I have no idea how real these rates are they dont have credit score just A+,B+ , C+ d and e and application fee is $400.

Taking in the content sounds like a great starting point, and teaming up with someone experienced in these deals is a fantastic idea.

I suppose you could say I was complaining that the barrier to entry feels higher than it should be, but your reponse didn't necessarily touch on that.As for the cashflow points you made, sure I could just not care about cashflow in lieu of the equity and appreciation over the years, but the idea that an HVAC replacement negating any cashflow made is kinda my point about the conditions of the market.