Be extra careful with your policies and procedures in regards to Fair Housing protected classes! 

Because the extra family members weren't on the original eviction, I had to wait another 3 months to get them out. 6 months altogether. 

That is helpful, but do you find, like I do, that only maybe half of those people actually appreciate that you went an extra level to help them and answer?

Average person can't visualize how to fix it, but you can (create an extra bedroom for example)3.

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

It was the best solution but it did cost extra. 

And really, any ARV over $800k is extra "cash out" for you. 

I also think most markets won't see anywhere close 6% cap rates (for single family homes which is what I personally invest in).The questions you get to ask are then:Is the extra 4% worth the hassle of management and lack of liquidity.   

CA doesn't have an extra $30b/$40b laying around to do that, not to mention the additional billion to actually do the project to be build ready. 

Have the extra cash to really enjoy getting to know Europe.