We did most of our loans as fractional so even though we had multiple investors on each note the investor was named on the note so they could not end up in a huge pool if there was an issue.. in CA you can fractionalize up to 10 investors in one note without doing any securities offering you just need a RE broker ( which I am ) to do your paper work. 

Significantly reducing that expense through RUBS should an easy way to boost the NOI by a healthy fraction of the gross.

We also have a conventional lender that will finance up to 10 conventional properties with fees at a fraction of a cost of typical lenders & they will waive all refinance fees if you refinance within 2 years.

I purchase property for a fraction to what investors pay on the Island. 

Banks then are empowered to issue out "money" via loans, which are not $-4-$, as banks operate on fractional lending.

Nobody draws out $80k on a HELOC to let it sit on the sidelines at 4.5% interest unless they are nuts.As @Matthew Olszak suggested....if I were to rent to a family member for 6 months and then sell it to said family member I get all the downside protection with a fraction of the skin in the game.

sexy, if it's detracting from your quality of life, one could argue it defeats the purpose; I personally know investors that went from owning 60+ SFR's with debt to selling most doors in order to own a fraction of them free-and-clear for the peace of mind and ability to "sleep better at night."

Note the S&P500 has produced almost a 10% return of the life of the S&P500 for a fraction of the effort.  

The mortgages were not paid and went into foreclosure, resulting in losses of over $3 million since the lenders were only able to recover a fraction of the outstanding mortgage balances when they sold the properties after foreclosure.This prosecution was brought by the Mortgage Fraud Task Force, made up of investigators from the Federal Bureau of Investigation; the United States Secret Service; the United States Postal Inspection Service; the Department of Housing and Urban Development, Office of Inspector General; and the Lansing Police Department.

My broker charges $675 per transaction + a fractional fee for E&O insurance.