You also need to have reserves in case something comes up. 

By nature a business is all about cash flow, equity is second.

So, back to the original question of what if you just found natural buyers for homes?  

Tools were recovered and pest control was terminated.So we are naturally in a very secure area in one of the safest cities in CA.  

Then since your out of control your subject to human nature.

There is a potential scenario where an outside rescue fund (marketed as preferred equity to new investors) could come into play in many of the projects that appear to be performing especially if they have been paying the pref (via a reserve account stockpiled by over raising funds in the beginning).

That would be your reserve fund, but you wouldn’t be paying interest unless you actually needed to use it.

Wondering how you are handling reserves? 

When we did it, we did score some great deals, but what we found was that we were visiting so many properties to understand our "strike price" (the maximimum we would pay for the property when taking into account rehab costs, hold times, interest on any debt, closing costs, real estate commissions, a contingency reserve for "unexpecteds", etc) that the math started to not make as much sense.

The key factor is the amount paid and the nature of the payment, not the payment method.