You did not mention much about yourself so I will make careful statements that do not say anything about REI.  

Look into some of the areas I mentioned in my previous post.  

Verses the SDIRA which you must have 3rd do everything and cannot draw from unless your of age

I think you are certainly doing the right thing by posting your questions/concerns on the site.Maybe I got taken to the cleaners on my first purchase but I did not get any of the requests that you mentioned above.  

Vacancy can be 0-25% depending on turn over and what month they move out.Maintenance depends a bit on age of home but I would use about 0.1% to 0.2% per monthCap Ex depends on traditional (.5% a month) or private money (1%)Sales Expenses:  6-8% for closing and realtor plus about 2-4% for holding costs

Born between 1982 and 1995, Millennials (also known as Generation Y) are around the ages of 16-35 years old.

Not to mention our market was already tanking by the end.  

Hey Nicholas,You could cite this - http://www.nij.gov/topics/corrections/recidivism/p...In your policy, mention that the Bureau of Justice Statistics show a high rate of repeat offenders. 

I called the permit inspector, he mentioned all the permits would have to need to be pulled again.

I am not familiar with the other company you mentioned, but if their business model is similar I would avoid it.