Thanks for sharing more details - we do agree that the PMC seems to be lacking in performing their services. 

At start of shows we would be making bet's as to which "mark" would pay what. 

Most are performing well and a couple of them are in the middle of dealing with evictions. 

If someone is willing to pay you $500k / year, I'd bet that you're a pretty high value / hard working person.

You will have to gather more accurate operating costs (vacancy loss, taxes, utilities, insurance, mgmt fees, maintenance, HOA) to best determine potential future performance.

Down payment should be about the same (20% on a buy-and-hold) but you'll see an additional $3-$6k on average in CC and the ability to keep it off of your DTI/Personal credit along with hopefully no more hard inquiries on your credit (many lenders will accept/perform a soft pull).

I am betting 0. because anger and blame is easy.

To achieve this, I’m planning to scale rapidly by performing a couple of syndications to acquire a larger portfolio.I currently have a portfolio of 17 properties, but to justify labor costs and create a sustainable structure, I need to expand quickly.

It seems like Wagner is just a broker and the issue is with the builder who isn't performing? 

We will see more investors walk away because the properties aren't performing well, but other investors will pick them up and the quantity will remain high.Rates are anyone's guess.