When I hear something costs $700/mo. all I picture is 3 rental properties floating away, into the sunset....

They are floating marketing fishermen, and the stars of this pool are the Gurus who preach about motivated sellers/leads program/other catchy name.

@Brian King If/when you're ready for a small MF, would something like this "float your boat", https://www.realtor.com/realestateandhomes-detail/1710-Liber...?

The strategic location view is1) It is the USA of the middle east2) Very close and safe travel destinations for Europeans and Asians 3) Direct flights to every big city in the world London, Sydney, SF, LA, you name it4) Safe haven for lot of Internationally floating money 5) Good investments in tech, healthcare, infra and education. 

Mello Roos are bonds that are floated to do off and on site development and then added to the tax bill. there is also 1915 act bonds etc.. if there was not the ability to float bonds CA would never have developed as it has as the up front captial for major improvements would have been a major stumbling block..

If your lender has some money floating around send me a dm too :) 

But that honestly looks like it is all set up to try and be a banking solution (ie, get as many users keeping money in BaseLane's bank accounts so they can make that sweet sweet float on the interest.

Between lost (or forgotten) coin and government buying, I'd say the total float is too low to ever make BC a widespread 'currency'.

So, I floated the idea here on BiggerPockets to see what more experienced folks would have to say about it.

I have done this and then we lost half of our W2 income, then a big HVAC repair, then the ELOC rate drifted up from 4% to 10%, then a storm forced a roof repair sooner than expected.