That is money well spent to receive the house in decent condition plus keys, and avoid eviction which can drag on for months.

If we decide Dragon passed by the community and look at units without my realtor I'll reach out to you, but like I said I live in West Kendall and won't be driving an hour north to just wander neighborhoods blindly.Me, thinking: How much trouble did it take for him to type all this, plus it's probably not worth mentioning the unit's multiple murder/flood/fire/mold issue (just kidding) in a town he works in but knows nothing about.

The other major risk I see compared to buying and holding whole notes in the investors sole name is with the fund investor expect return day one of the money going into the fund.. this business is fluid it might take some time to close a loan so now the fund has drag on the raised capital and if it gets bad enough it becomes a major problem.

No, I didn’t account for every nut and bolt or even a furnace or roof replacement, but divide those larger costs over 10 years or more of their usable life and it doesn’t have a huge drag on your cashflow and has hardly any impact on your over all return (including leveraged growth) over a long period of time.

It's enough for them to understand you're investing and why and how, but without making all the villagers scream that the dragons are coming.

The problem becomes what happens when they go to underwriting in a highly volatile time.My personal opinion is that as credit starts to tighten and the effects of the unemployment spike start to seep into the market you’ll start to see that drag on the market.