It's easier to raise money for a single property because the investor has control in what they invest in.I like the blind pool because the investors are giving the money for the fund upfront for a specific return and I can decide if a deal makes sense based on my experience and can close a property fast.

Orleans Parish is in the business to rob its citizens blind every chance they get, while providing some of the worst crime rates, school districts, and healthcare in the country.

Does this knowledge blind spot suggest a lack of respect for what they are attempting to undertake?

By reasonable I mean a premium which is reflective of the risk involved for the insurer - not a blind grab for 1.5 months of my rent receipts. 

Strategies that have absolutes are often blind to their ever changing environment, like the rust belt states that never changed their main economical source of income from manufacturing.If an area is declining I would want to sell and get into an area that is increasing.

Do not just walk blindly in and buy because it sounds like a good deal.  

I understand how hard it would be to have to through blind trust into someone w your cash.

I renovate to create a bullet proof, durable dwelling and always include a few basic frills (tiled tub surround...refinished hardwood floors...mini blinds on the first floor)I always remove obsolete items like gravity furnaces (love used 80% efficient units and used gas water heaters...I'd drive a hundred miles to pickup a truckload at the right price) and definitely remove cast iron tubs with those silly ring shower curtains for new tubs with a shower head. 

IE fence  blinds refer . 

Buy smart, be careful not to blindly overpay.