I've not invested with 5S so I can't comment on their product and management specifically but I can say for build to rent, if you’re considering this, ask yourself: Does this fit your investment strategy and comfort level?

Or rental demand could be poor leading to higher than norm vacancies.

Monthly payments at that still add a squeeze in trying not to become “house poor” so I’d rather have a little more leverage up front and just be able to pay it down quickly 

Scott's book on estimating rehab costs, it's a must read in this area: https://store.biggerpockets.com/products/the-book-on-estimat...In addition to that, I would check out my article on due diligence.

https://store.biggerpockets.com/products/start-with-strategy?

There are too many good markets to invest in poor markets.   

someone with poor credit and very little money is not going to be able to rehab the home to a point that they can refinance it.. they will quit before that happens or just live in it under those conditions..

So will see how that all shakes out for PDX. really the affordable is in Townhouse production by the large production builders thats about as good as it gets..

He started out clueless and he is now just doubling down with the lies in a poorly executed blackmail attempt of sorts.

Under bidding, poor quality, not following timelines - those will all kill your project.