Renovating dilapidated homes is one of the ways to make money in real estate.

I've heard some rumors of Airdna skewing data a bit (I've heard this first hand and read online.)

I have a 401k/457 sitting there as stagnant money in NYC.

They are running a personal brand, and I would rather donate my money to a good cause than their next mountain home. 

@Tom HallAt 7% if you can I would pay it down as investing it net after tax gains may not get you the 7% you are paying - so it’s less riskDownside is you lose liquidity of that money as it’s tied in your propertyIf rates come down in future you can refinance and even take some of the cash out.Regarding your question are rates coming down, a lot of factors come into play but right now it does not appear there will be significant changes to rates over next 3-6 months.

.: Most Hard money likely will not be interested due to owner occupancy (OO).  

If you give them 30 days to get rid of the dogs, there will be comfort animal certificates in 2 days from an online site.

The truth is if your investors have no involvement in the operations, If they just put in money and expect to get a profit, you have created a de facto syndication.2) I see a ton of people who just raise money for the syndication. 

It was an easy way to scale up with no money out of pocket.

Look for distressed properties through online platforms or local agents.