Person new to real estate trying to get in the “game” with little or no capital and trying creatively.  

For example, I would place one in the game room if it is located on the opposite end of the hallway from the bathroom.

I personally like one sponsor who has been through multiple real estate cycles without losing any investor money, puts very large amounts of skin in the game, is conservatively leveraged and has a very good 1031 exchange program.

Let’s be honest, I’ve watched folks who jump into this game as if playing roulette.. firing off offers on duplexes in Phoenix or leaning on some “sure-thing” house hack in Austin without ever sketching out their plan.

And answering your phone calls while watching the games does not turn your living room into a home office.

Your nightly rate will be influenced by proximity to the beach, interior design and amenities (ex game options, fire pit, pool, etc).

I have not reviewed BAM's fees but it's likely based on their representation of UNDER 10% "skin in the game" that most of their "investment" is taken from fees deducted from the money gamblers place with them and counted as equity in the deal; this is a common practice in the syndication industry. 

From what I’ve learned, focusing on properties with under-market rents can be a game-changer.

I'm always game to chat real estate.

It’s a long game so worrying about the short term is kind of pointless.