Refer to the frequently asked questions on the third slide. https://www.hud.gov/sites/dfiles/SFH/documents/MO_203k_Progr...

Here is the thread I started a few months back detailing my experience with Growth Equity Group, Brett Immel, and their cronies.https://www.biggerpockets.com/...Subsequently, I've had dozens of investors come to me directly, many of them having phone conversations with me, stating how they lost most or all of their retirement funds.

Perhaps you do things differently with your subsequent purchase or your next management company. 

It was a subsequent post in response to my question that OP made clear it was because the state required deposits to be held separate.  

If he rents it out for 5 years, he now has to pay capital gains tax on that $300K (and any subsequent appreciation). 

This could include computer delays, the inability to reach the site, creating a late filing, and subsequent penalties.

Rates that are too low relative to the rest of the market are a red flag.Agreed granted many of the HML have a sliding rate scale based on  ARV  and experience  and maybe a little fico in there. lowest I have personally seen was 7% and 2 points.. and of course junk fees.  

.: You are right to be worried I know a good number of people who sold and subsequently lost their money over time in bad investments.

Often the owners are active in selling and trading with other arcades and you can slide right in and purchase one they’ve been trying to sell or trade.What games are you looking for?

Ryan Dossey that's a great Pro Tip, that I will write right along slide my list.