I am currently going through this with my personal residence that we flipped and the subsequent lot attached to the property. 

Investors who flip properties concentrate on the purchase and subsequent resale of one property, or a group of properties.

However, I intend to grow this business from one rental to a large enterprise over time.

However, just because interest rate risk is mitigated via floating rate securities does not mean this fund does not have its own set of risks......specifically as they pertain to the market value of its holdings based on certain ability to pay interest and principal pricing models and subsequently the NAV/share of the fund.

You wrote on a public forum about the whole enterprise.

When I enter a post and then subsequently hit the back arrow on my browser, it frequently takes me to old posts. 

It’s also why you end up with HMLs to loan during that gap period (and fund improvements) until their can be a subsequent refinance of the “improved” value.

I would love to be a part of this; unfortunately, I won’t be able to make the first one but if there are subsequent meet ups I will make it a point to get out to one.

I'm looking to potentially buy a house with my best friend, a very savvy, enterprising kid who's 22.

I'd go with simple interest on this one- it would be compounded if the $50 stayed in the same account, and the 5.6% interest accrued on the new amount in the subsequent period(so for instance, the tenant would have to pay the late fee of 5.6% on $950 in the following month, then the late fee of 5.6% on (1.056)($950) in the month after that, and so on...)Either way- compound or simple- the return is too good to ignore.