Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

He will generally pick something up every few months well under market that needs some love.  

All of them but one that paid a preferred return stopped paying distributions, despite the underlying properties doing OK (some collections dropped a little, but not much). 

If you sell a property while it’s under REI management, you still owe them the 10% management fee through the remainder of the lease.The Nightmare Tenant Story (a.k.a.

But I like the idea that everything's under one roof with their Platinum package and get unlimited consultations, emails from their legal team as opposed to billable hours.

Then I had another one where the buyer brought as is under the impression that legalizing would be easy and found out it was not ever allowed and a portion of the structure had to be demolished because it was built horribly and a hazard as built.  

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

We also own just under $50MM of real estate across 417 units there.

I just wondered if working with one of these mentor groups would add an extra layer of expertise, or if it wasn't worth the hassle.

We listed strategically and were under contract in 2 weeks in the slowest part of the year (December) whereas all the other similar homes in the neighborhood have been sitting for months and still sitting on the market.