Quote from @Kate Daye Ruane: Hey William!

“We are known as a landlord friendly state, and that attracts a lot of capital,” Phoenix Mayor Kate Gallego said in an interview.

It's exceptionally difficult to remove a tenant, now more than ever.I understand this is an appealing way for people to get into real estate investing, but my $.02 as a real estate investor and someone with front-row experience with these properties to run away screaming from this approach. 

Another problem with this is that I also flip and have friends that flip and buy and hold and if I run across a screaming deal I'll do my best to take it down personally or pass it to someone I know. 

@Kate Daye RuaneThanks for the detailed info on Scranton!

I have been hearing that Broken Bow is hard to turn a profit right now unless it's a screaming deal.

Thank you @Kate Stoermer Totally agree.

7% pref with 70% leverage seems screaming low return for the risk you are taking on.

The long-term treasuries are screaming higher rates and inflation being heavily persistent, which usually means underlying house values will go up but I don't think we see that if wages aren't supported in the short term.

In regard to high fees and weak returns, I think that's more of a reflection of the fractional companies in the market today which screams opportunity.