At least that way, in the event you never get your entire principal back (targeted within 5 years, although they'll make a best efforts attempt to get you out sooner penalty-free after 12 months (slight penalties months 1-6 and 6-12)), they still got to collect their management fee along the way.  

Use this time from now until July to really pin point some target areas and property types.

Quote from @Himateja Madala: @John Underwood with 6bed/6 bath I am targeting more multi family travelers who prefer staying together.

The experience reinforced the importance of working with reliable partners like Billy Medlen and focusing on targeted improvements that maximize a property’s appeal and profitability.

It’s a solid option to boost your chances of actually reaching the homeowners you’re targeting.

Don't know if any of those apply to you or not, but good to check with your lender today and get them to run your credit so you know what your targets are. 

I'm not familiar with Maverick; I have been impressed with (although haven't yet invested through) Norada, which likewise connects investors with turnkey providers in target markets. 

I feel like having some good experts helping me clearly identify best practices and targets for success (instead of guessing) to be extremely helpful. 

I have a house in my target area coming up for auction in Cleveland. 

If you put in an offer at 85% of list price on every decent home on mls in your targeted area, you're going to get a house or two that should only need cosmetic rehab - which you could control the costs better.