Is this a predatory practice by PMs?

In practice, this could mean 5 extra days that no rent is collected.  

Those of us who have build investment assets, businesses, professional practices, etc. understand how much time, effort, planning and capital it takes to “scale”.  

The number crunching is probably the easiest part, whereas the networking and deal sourcing are all skills I'd need practice with.

Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.

Starting with three T-12s from properties of a similar size and market is a fantastic strategy, and I’ll definitely take your suggestion of setting aside time to really dig into the details.Thank you for the encouragement and practical tips—it’s advice I’ll take to heart as I move forward.

However, many times its just not practical or cost effective to put the work into it because in many cases its not easy to do.

Income, expenses, and distributions are automated and visible to all investors, minimizing the risk of manipulation.This model isn’t for everyone, but it’s a way to give people passive exposure to real estate without the complexity of ownership, while allowing property owners to raise funds without giving up control.Would you see this working in practice?

There are a high number of CPA firms that do not want to get involved outside of the FYI to their clients, and some state boards are saying that a CPA advising related to this registration is an "unlicensed practice of law" given it is not under Title 26 - income taxes - the only place where CPAs and EAs are specifically authorized to interpret law. 

The articles show the devastation done by the lack or poor business practices of the IHA.