They can't assess all the subjective data like overall layout, view from the living room window, the dogs next door that bark all day, the width of doorways, size of individual rooms, quality of kitchen cabinets and appliances, etc.The best thing to do is study your market regularly.

In other words, individual policyholders are subsidizing the losses. - Inefficiency with payouts and administration will be compounded as the FAIR Plan has zero experience with a major pay out and lack infrastructure of assessors and technology to distribute the funds they don’t have.

Mexicos second largest revenue source are wired funds from the U.S. by individuals.  

It's really up to the individual investor (and their coach who helps them create their criteria and decision-making process.)

Yes - it is far more work than a silent investor in a syndication... but I want the control, so find it personally more rewarding.  

I'm ready to get out there and connect with other individuals and create a team to benefit myself in this journey!

Cheap materials, thin walls, the LVP was peeling already not to mention the transient individuals in the parking lot. 

In the end, you have to decide the cost / benefit / risk / reward of doing one makes sense in your situation.COST - You have outlined some of the costs, but not all. 

She basically told me the same thing you said about the risk of REI investing being way too high for newbies to justify the reward and time spent.

I would prefer an individual PM (not associated with any company) to manage my 3 doors in FL..