They are also planning on buying 1-2 properties per year to keep the cycle going.

The issue with waiting for a low cycle is that you will be waiting a very long time.

The key to BRRRR is to buy right, that starts the cycle.

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This is not entirely a reflection of any group, as market cycles happen. 

I find in these locks that there is too much possibility of a deadbolt not cycling all the way, or if there is a slight bit of tension on the deadbolt from temperature swelling or what have you, then it wears out the battery and motor faster.  

How would you start a syndication and get other people's money at this stage in your investing cycle?

@Michael HyunSeller financed properties usually have some type of motivated seller, or else they would just list it and not worry about carrying the note.I've bought and sold on seller financing, and very few sellers elect to seller finance, unless they have to or are looking to defer taxes.Welcome to where we are in the market cycle.

We have a high quality of customers after we cycle through poor payers. 

Since spring 2022, when the Federal Reserve embarked on its latest rate-hiking cycle, interest rates on the most popular loans for real estate investors, DSCR Loans (part of the non-QM loans category), have moved at unprecedented rates.