It's great for managing at the property/unit level, but unfortunately, falls short on managing finances big picture once you add more property.

I put the odds at 97% an investor does very well, 2% that through no fault of Praxis' the housing market and/or the economy enter a tail-spin due to inept political leadership at the highest levels, and 1% that Brian is the biggest fraud ever to fool me. 

This negative equity position is one of many reasons that adding ADUs in a single family zone is not typically a good RE investment.OP whatever you decide to invest in, make sure you do thorough and conservative underwriting. good luck You’re right in that the level of underwriting I presented wasn’t institutional level - but for your average person just starting out, institutional grade analysis often makes the thought of investing overwhelming.

HD actually has another level above pro. 

Doing so also helps create some level of USP to a sea of growing inventory across platforms like Airbnb.With their introduction to paid advertising it’s going to be interesting to see how their algorithms change from a ratings perspective. 

It also requires gaining a level of sophistication and knowledge that not everyone has the time, inclination or ability to do.

Sure but that would go for almost any level of opportunity cost.

After looking at a lot of them, I would probably only be interested at 40 rooms or more due to staffing levels. 

A local investor will be best equipped to get repairs and renovation done at fair prices, set rents at appropriate levels, and help select qualified tenants.

It’s a level of customization that’s hard to find with the rigid terms of traditional banks.I’ve also noticed that private lenders are open to funding niche opportunities that banks might consider too risky.