I guess it depends on your risk tolerance and your ability to find a better deal than the one you already have with the equity you are pulling out.

The way I see it, it would make more sense to do it in house once I've got a little more money to spend on equipment and the ability to mail to a lot more addresses without missing a ton of calls from motivated sellers.Account Closed Thats low compared to some of the big name services!

I wasn't aware that you have the ability to PM yourself. 

The lock off doors at Banyan probably play a big factor in the pricing of those units as they offer the ability to rent the units separately. 

Biggest thing IMO is getting close to the train station and have a high quality units that may not look attractive on paper the first few years but will have the ability to raise rents consistently long term. 

Finally, I might be novice to alternative investments but to your point, I believe Norada just ran into an economics wall and lost its ability to meet obligations.

Far too many first time investors obtain less than ideal financing terms, just for the ability to vest in a LLC.

In a dream world - the comprehensive solution does all this: *task management and sequencing where you can drop a property into a sequence ie day 1 call, day 2 mailer (have it automatically mail out something like a postcard) day 3 etc etc etc*project management outside of the outreach sequences for what's next in the process ie schedule inspection, send the contract, etc etc*ability to have multiple users drive around and if you see a property you can tag an address and add it into a marketing sequence, and also track the streets you've hit so you're not wasting time driving by the same houses more than once *dialer (ability to parallel dial numerous numbers simultaneously to make cold calling more efficient - Ive used tools like orum and kixie in other industries, and when you receive a pickup, the other calls are dropped) *skip tracing/data provider *website landing page for converting online visitors to leads*electronic signature/docusign*secondary branded landing site on different URL for blasts for deal disposition to your buyer listWhat am I missing? 

It can be stressful without contractor connections, but the potential returns and ability to quickly grow a portfolio can make it worthwhile.

Feels like the most straightforward plan to get from point A to point B and sometimes it pays to KISSAcknowledging that I don't know all the numbers you are working with, but if each deal costs an extra $3k-$5k, but because of the efficiency of DSCR loans and the ability to ignore your DTI, you could maybe squeeze an extra deal or two a year in?