Biggest thing to consider is the risk and having a nest egg if things hit the fan.

That said the biggest issue with heat provided is not the thermostat but the open window in spring and fall when the heat is on.

I know Andrew Freed runs one of the biggest ones in Worcestor that draws investors from all over New England (https://www.biggerpockets.com/users/andrewf367#0).

So once you invest, you're added to the operating agreement of the company and you would now own a percentage of the company's assets - in this case it would include homeowner payments, bank accounts, REO's/properties, as well as all of the notes in the fund.The biggest risk of any fund investment is that you could lose some or all of your investment principle if the company were to go out of business.

Sherman is about 30 minutes north of there and many of the biggest nationwide and local residential developers have bought land and working on master planned communities.   

Biggest expense I think would be furnaces. 

I'm hoping there are some other invertors on this forum that might have some other insight. this is one of the biggest mistakes investors make that own only one property or two.. hanging on in hope to get an extra 75 bucks in rent.. so now you have waiting at least 3 months  of vacancy and lets say you should rent for 1400 so thats 150 a month .. how many months will it take to make up 3 X 1400 if you hold out for that extra 100 to 150 a month. 

It is difficult to property vet these operators without learning on the experience of others - that is one of the biggest benefits of finding a Community!

We've found it has superior reporting features, integration features, and is overall more efficient to work within than other REI-specific software.The downside is QBO is not set up for REI so you'll need to do that or work with an expert to ensure it is set up for your business appropriately.

I would say the biggest challenge was completing a whole house rehab and the paperwork for the 203K loan.