consider the opportunity cost of doing this#1) sell house for cash or to a buyer with their own financing from a bank, etc and you get 315K at time zero, you invest that at historic SP500 8.4% return over last 220 yrs and it grows to $3,541,514.46#2) do owner financing and you get 100k up front that invested at 8.4% grows to $1,250,000, plus you get your payments at $1400 x 360 months or $502k, invested grows to $3,265,000 total including the 1.25 mil aboveso you come out 300k better not doing it and you don't have to service the loan and all the other risksremember banks don't even carry mortgage notes after origination, they dump them onto the US taxpayer via illegal-unconstitutional havens like Fannie/Freddie/HUD, and for last 15 yrs the FED has bought every MBS in the country, which frees up the Banks capital to do it again and make the real money on churning the points and feesplus will next 30 yrs have higher inflation than last 30 yrs?

They are much less aggravating/ management intensive/ depressing to own, and provide much higher overall returns over time thanks to less churn and way more rent and value appreciation.

So to make payroll they have to keep churning over deals OR they might be a good person but simply have limited knowledge.

BP could be made far more effective for a new investor, but that would reduce the churn.  

So, there is plenty of churn. 

I would also put in penalties to discourage the churning of the account.But I am skeptical and very boring when it comes to my  financial habits.

After all lenders and agents will be motivated to keep deal flow churning and not have a stagnation period where all first time buyers sit on the sidelines saving extra for their down payments. 

We manage about 350 units of multi-family apartments in Norfolk, VA and are constantly measuring data/market trends as it relates to leasing, PM churn, and growth in the area. 

With that said, a lot of management companies that are larger are constantly churning through what is essentially an entry level position, and I doubt there are that many folks checking the random person who goes just over 2 years before getting licensed.

Yes sure, but there are great builders and it is irresponsible to make such a statement.The modular duplexes I am going with provide higher quality insulation and finishes and structure than you find in local stick builds.There have been studies showing modulars are sturdier than stick builds, and you can certainly achieve price efficiencies for the reasons stated above.For an investor with a volume goal (such as my 100 units in 3 years goal) in an area with low or expensive inventory or high competition, or for investors in an area with a lot of ongoing construction leading to high labor costs, or somebody that wants to run a strategy that churns money fast then modulars are a great development platform.