@Cliff Mccue  from what I saw in the Chicago market you can ( or I suppose it legal I know it is in CA but it is not in Oregon) is these investment are fractionalized interests in ONE mortgage note.So you now have people unknown to each other in a common enterprise.. ( which always leads attorneys to securities issues)... so with this set up you can simply bring in new money via collateral assignments very very easy to do functionally.. and most investors do not have the experience or knowledge to even understand what they are doing..

It's free enterprise my friend.

You agreed to the house as is not one with a (subsequently) collapsed roof.

Many subsequently decide to use a professional manager because (1) they lack the time or interest to do an acceptable job or (2) accumulate enough properties that professional management is the only solution.

The market has rallied 40% since its last 'fair valuation' in 2013 and so appreciation has been solid.Seems a good market to invest if price rally continues for several more years, though if COVID/subsequent effects lead to peak of cycle, may potentially see some correction.

Their daily rental rate was $220 when it is $150-200 for this type of property.Met with Tom from Airdna once pricing out some enterprise options and he told me the Rentalizer tab takes the 10-15 or so similar properties (beds and number it accommodates you enter) and mushes 'em all together.

The high sale prices and subsequent mortgage payments kill the net profits. 

Yes that was when I first rolled out my 5 year true NON RECOURSE loan program for non owner occ's... we did quite a few for Aarons clients in the subsequent months.

Primarily due to rate hikes (compounded by the lack of an adequate exit strategy) and subsequent market change but also exceeding our preliminary budget.

Phil,This is the point at which cost posits a cost-benefit analysis for enterprise.