In some cases, carriers might even offer multi-year rate locks, providing even more stability.The Downsides of Consolidating Your Insurance ProgramReduced Competitive PressureHaving multiple carriers compete for your business can help keep premiums in check.

While the financing and small entry price sound great, you are locked into their ecosystem with very little control.

That management company can allow you to lock in a 20% cash on cash return with leverage( example:triple net lease to a company a STVR).

If you come across my cut/paste LLC response (as shared in the link above) and have advice on how I can improve it, I'm all ears.  

Would read more about DSCR loans however locking in rates for 5 years would make little sense in this economic cycle where yield curve is normalising rather steeply.

Quote from @Marc Lock: How is material participation defined?

I would think the only way Feds come in and lock this down if they can prove that the investments noted in the offering were never made and that the sponsor just pocket the cash and used new cash to pay the old investors. 

That way you're not locked into the deal without getting an estimate and if the rehab budget comes in higher than $65k you can easily walk away- make sure the assignment says EMD is refundable if you do decide to walk.The 70% rule is a great rule of thumb.

@Jon Holdman  my airplane partner has gone and done this in Oregon fully licensed and approved by the CCB  https://www.relevantbuildings.com/   check it out.. his market to start is rural cabins that can be locked and left.. and he has a multi going up in St.

My tenant allegedly got locked in the bathroom.