How much time do you have to chase the money from the PM or from the tenant?

Every instance of sub2 buyers I have seen have been that, chasing rainbows, and with no financial strength to perform going forward.

Remember, no system is perfect, so avoid the temptation of constantly chasing after the next shiny object.

Everything presented indicated I was investing directly in the deal, however now seems I was investing in DFO and DFO invested in the deal.Investor reports were either not received unless I asked for them, or they were received 2-3 months late.K-1s were not made available until mid Sept every year.Communication is poor, I have to repeatedly chase for updates.

With that being said I would be careful not to just chase cash flow but instead find a mix of appreciation and cash flow, but at lower leverage. 

@Chase Tompkins Sure, it can definitely work.

Birds of a feather flock together!

So it's like killing two birds with one stone.

Quote from @Michell Chase: I am currently retired and just purchased my 1st duplex in Upstate NY using a conventional investment property loan. 

You are being VERY NAIVE if you seriously think someone is going to manage a $10k+ project and spend HOURS chasing contractors, checking on permits, verifying work is done properly before payment and trying to keep everyone on schedule - for no additional charge.Best of luck, just don't blame anyone but yourself when you find out the truth the hard way.