We did express our concerns to him about going the SDIRA route.

I also used to love Cozy, but after apartmentsdotcom bought them, they killed express payments among other features.

Then go to Chase Ink and American Express Business Blue.  

And it was happening as I was looking at this property, so the tenant was expressing this.

From the way you describe it, this seems kinda odd but it's not enough info to know for sure. 1) Jumping on every deal... if you're expressing interest in these deals, then that's a good thing for them to jump on them.

I like the idea, but I'm completely green behind the ears if that's the right expression in terms of commercial property direct ownership.

When I expressed concern about the amount of no shows and lead quality, I was spoken to as though I was not selling effectively (which was obviously erroneous given the fact that no one I spoke with qualified for a loan in the first place).

That's the capex number for that item per year.Maintenance is $300-400/year/unit but for a 4plex the variance may be big either way.Vacancy is not an expense but it can be expressed as a percentage of rents.

My take aligns with the spirited warning, cautions, expressed by Mike and Bruce above.

I also haven't read this entire thread, just the most recent, so I can't agree or disagree, all I have done is to express concerns due to the abuse of some gurus and novice players.