In efforts to get more experience with IOS, we are seeking a financial partner that potentially has experience with this asset class. 

Quote from @Chris Seveney: @Jay HinrichsYep - npl space right now pricing is high and thus returns have shrunk just like every other asset class.

@Thomas FarrellRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

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What is your price point and are you looking for turn-key properties or something along the lines of a "fixer upper"?

@Chris Mahoo many new investors don't take the time to properly understand RE investing.1) Many are using approaches from 2010-2018 when Class A property prices were so low from the Great RE Crash that an investor could cashflow and get pretty easy Class A tenants to manage.2) If you look at what investors were doing before 2008-2010, most were buying Class B & C rentals.To make it worth while, an investor either needs to Fix & Flip or invest & hold rentals for 10+ years.- Over a 10 year period cashflow will increase as rents increase (rents typically rise faster than property taxes, insurance, etc.)- The property should be appreciating, if purchased in a good location, increasing the owner's equity/wealth.- Rents will be paying the mortgage off, increasing the owner's equity/wealth.- If you hold a rental until death, you can pass it on with a stepped-up cost basis, limiting captial gains if then sold (limited by inheritance tax limitations).Too many newbies on this site trying to replace their day job income via "passive" real estate investing w/o digging deep enough to understand how it really works.

How do you continue  guaranteeing a rate of return or redemptions when the asset class is real estate which is not liquid?

We need the cash to mostly just tie us over untill we sell the property, so 150,000 is on the upper end; 80,000 and above would probably be sufficient. 

Quote from @Ronald Rohde: I think it just benefits current owners. our replacement cost variability just went up a lot for the next 4 years. 100%.All cyclical asset classes are reverting to the mean, except the one's with a material short-- naturally. 

Depending on the class of property and types of tenants you have, they may not take lightly to you going in and blocking off their thermostats or installing electric heaters to bump the cost of heating into their electric bill.