That killed (along with the recovered market) my company's program, but probably saved billions in US tax dollars since people routinely overpay for housing product.

I am sorry that you experienced this but hopefully you can help make sure it does not happen again with this company and recover quickly from it.

Very helpful for me, another new REI who is recovering from analysis paralysis and seeking a real estate opportunity. 

I'd like to charge a per use fee to at least help recover the cost of repairs each year or buy new machines.

Recovering addicts will listen to someone who has been in their shoes and is knowledgeable.

Sure doesn't seem like it to me.I think you are creating tremendous risk for your sellers, who would be far better off facing foreclosure now, where they at least recover some of their equity, then risking an unknown buyer mismanaging their asset as part of a huge pool, creating the very real risk that they may still have to face foreclosure in the future, at or below the current asset value, and after they thought they had moved on from the deal.And, to answer your question about what should the little guy do... though, as we've already established, you are attempting to get 100 of these deals... it seems like you have the means to purchase three deals in a matter of months.

The market is great as it is still recovering.

The two purchased in Dec 2021 took less than 2 years to recover my investment in unrealized equity increase (I chose not to refi due to the higher rates).  

Hi Melanie, depends on 10 yr note, could continue to go up slowly for next 30-40 yrs as it has done between 45-82 or 1890-1920, or down for 30+ yrs like 1920-1945 or 1982 until 4 yrs ago, if they have 25% down and long term fixed rate debt ( just got a 10 yr loan at 6.95%) and Cap rate >150 Bp above debt rate, they should do fine-assuming good local market, even if value drops 20% short term, it will recover longer term and should be ok.

The 15.3% hit takes 2-3 years to recover with gains in the marketplace, etc., but it might make sense especially with Roth IRA or Roth 401k contributions.It gets tricky since you need a bona fide business to business relationship... doing other property management and / or handyman services helps create an arms-length relationship (and rise to Section 162 definition of being a business and not a self-dealing transaction).