We did not want to spend the time trying to find somewhere new to buy while we were packing and hoping that it would still sell.

After buying these new rentals, he will still have about $90k in cash to spend on upgrades and furnishings.

Quote from @Sofia Komrskova: Don't spend that kind of money on courses.

More difficult after spending money on a rehab, but it might be worth an appointment with an attorney.  

Spend your time and money learning how to avoid that kind of situation rather than learning from on the job training.

I predict that the substantial home price cost savings and greater control they enable the buyer to have will make them grow in popularity.

@Earl White rent control and relocation costs equals NOT landlord friendly in my opinion.

And how much did you spend in the rehab?

I spend roughly $120k on my renovations, but this is for the entire property and developing the secondary suite which certainly costs more (2 new furnaces, all new plumbing, new kitchens and bathrooms with tiled floors and showers).All said and done, I personally love it.

thanks for your time and help rent to retirement works directly with build to rent developers like us around the country once they are framed up. you are buying properties pretty much at market value but with a hand holding. you can work directly with a builder or directly with them. they are just an intermediary. they take 5% on what we make as a builder but have a large list of investors and a systemized approach to selling new builds. if you want to get a better deal I'd recommend directly contacting builders and building it yourself. fly to the market. spend 2 days, tour new builds, get a feeling for how it's going. if your builder isn't building multiple at a time then I wouldn't recommend working with them. rent to retirement is a well oiled and well run machine. they've had their ups and downs with dozens of transactions in florida but modified their process. they are well known and established and transparent. if you have a more specific market and feel confident in your ability to vet deals try it out. happy to talk more my info is in my signature. we work directly with them to sell new builds and no organization is perfect but I have good things to say about them as a builder and potential build to rent developer that sells build to rent triplexes and single family homes through them to end buyers in California like the Bay Area, Los Angeles, and San Diego