You could have in a years time for example of 20 units total where ten of them have turned over creating a 50% churn rate.People with 1% cd can invest in triple net leasing and get 7 percent cap rate and with tax equivalent yield in many cases approach double digit returns and do nothing but collect the check.

Appraisal fees actually need to go up, significantly, as the speed/volume that they need to churn appraisals out at in order to be able to put dinner on the table, is the #1 thing hurting folks trying to use the BRRRR strategy. 

My current portfolio includes three single-family homes (two in Marietta, GA and one in Charleston, SC) and one town home in Kennesaw, GA.For my next deal I was planning to look for another single-family home (in Charleston) needing only minimal cosmetic work, but then my brain started churning.  

And early in a growing market it can be much more profitable to churn and burn those flips.  

If you are trying to achieve and ultra low cap rate that tends to be a 1031 buyer.Buyers with cash sitting around tend to want more yield to deploy otherwise they are happy making small deals and keep churning the money until the right property comes along.

.#6 you got big hedge funds and syndications in LA... this means... there money cost them money each month... so they rather spend the money then pay out without "using the money"... so they buy properties... the operator of these funds aren't stupid... just keep churning

The paper game is better than churning accounts!

No reason to run anyone after the first unless the first fails.A few years back some people got busted for churning tons of people through applications with nothing to lease them, like tons and tons of people.

That would give you good churn if you are looking into SFHs.Hope this heps!

One at a time as tenants churn out.