While I have a general understanding of what it takes to set up a fund, I’d love to tap into the collective wisdom here.

Should I use it for asset management, rent collection, property management, or other roles?

You can find higher ROI (on paper) here and probably in other cities…but the probability of actually collecting rent significantly decreases.

Doesn't the bank make more money by collecting 7.5% interest instead of 1.88% though?

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Now I get to sit back, relax and collect $2300/mo in rent plus about $100k instant equity because of how the market is over there.

So, even a small negative like a $50 unpaid cell phone bill that goes to collections when you switch carriers tanks their score.

You can find higher ROI (on paper) here and probably in other cities…but the probability of actually collecting rent significantly decreases.

It involves much more than collecting rent or throwing up a Craigslist ad every blue moon.

The reason for this is there is certainly a lot of heavy lifting of resources required by a property management team to bring on a new resident including rent collection, setting proper expectations, accounting and building a positive relationship in the first month.As far as the quick re-rent of your home, I was hoping that would be something in which you'd see the value of working with us.