I welcome the thinning of the herd, more for us.

Plus the logistics of trying to get multiple note holders to agree and be happy on servicing, collections, work-outs, and exit strategies sounds like herding cats!

They failed in underwriting.Most nationwide airbnb vacancy was 50% pre COVID , reached 80 percent in 2021 and then failed miserably to 50 percent again this year.They are the one that is chasing the herd , miscalculate forecast and losing money miserably.., we are in similar situation in 2023.wanna lose money unnecessarily?

I've herd about the BRRRR method, Fix and flips and wholesaling.

Herding cat's, er I mean managing people, lol, yup got my Rodeo spur's. 

Thanks to all of you for your insight, I herd about this initially from The Lee Arnold System of Real Estate Investing, Is anyone familiar with him and what he teaches?

It is a bit cumbersome ... having to financially vet investors (DRE form 870), provide MLDS (DRE form 885), getting signed statement from each investor that their investment is not more than 10% of their net worth, DRE reporting, not to mention it's somewhat like herding cats. 

Fun Chicago Fact - You can use Pex in Chicago for radiant heat flooring and driveways because it is sealed off, but not for interior piping.

Her sole purpose now is riding herd on the folks in India.  

Any market that sees a herd of investors buying sight unseen flood into, I'm a seller.