In contrast, maybe a great piece from @Bob Beach on how to avoid customer churn. https://www.biggerpockets.com/forums/899/topics/1175358-prop...Customer acquisition is only 1/2 the battle.

Purchasing a non-performing note can provide above average returns in a relatively short period of time, therefore providing the capital to purchase more non-performing notes and "churning" the funds.

They are churn and burn with selling and buying and looking for lowest cost to do so.

Is the property manager an “asset manager” or simply someone looking to “churn-and-burn”?

There's going to be some weird churn in the Smokies market for a few years. 

Lenders gave low rate loans at 3 which they would rather churn and turn to profitable ones today at 7 so there is motivation to get paid off.

We have been churning out a lot of bad clients the last 18 months.

It's been a great property despite the terrible ROE and low COC: great location, almost zero turnover/churn, zero headaches, rents have gone way up, value has gone way up/ serious equity gains, and the interest rate is only 3.75% on the little bit of debt we have on it, so I'm really glad I did that one. 

Getting a househack helps you understand if RE investing is right for you, gives you first hand experience at your doorstep, and starts to churns those wheels inside your head with your next move. 

In most cases these deals are just churn as investors come and go from the market.