For individuals with full-time jobs in other industries, meeting this threshold is challenging unless real estate is a substantial focus outside regular employment.

Pivoted to a new market for my 3rd property where the entry price is low but revenue is moderate, average listing quality is poor, and occupancy seems steady year-round.

In other words, individual policyholders are subsidizing the losses. - Inefficiency with payouts and administration will be compounded as the FAIR Plan has zero experience with a major pay out and lack infrastructure of assessors and technology to distribute the funds they don’t have.

I've had friends buy new homes and have more problems due to poor construction than I've had in 'older' homes.

I'm invested with individuals who have each put much more cash into the deal than I have, and their only compensations is a fixed percent of total profit. 

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

I would like to connect with like minded individuals.

We can also lend to both individuals and LLCs.I'd be happy to share my experience as both an investor and as a lender.

It gives me another exit strategy by having the option to sell off individual properties to retail buyers if needed.

When We were in NOLA a year or so ago, it has shown it's disrepair and poor management.