In general the site is filled with pretty independent folks that dislike others controlling their capital formation process and thus my prediction is that technology will largely allow active operator/sponsors to bypass the intermediaries in time.  

Pay more for rehab, get the house for cheaper....We have our secondary industry where there will be no way to make a profit because of out of control costs. 

I had saved some money from living with my parents but it was just laying here doing nothing after having maxed out my IRAs.

You could end up controlling the properties for years.  

This house was built by my parents and I own the front acreage.  

The problem is, the Los Angeles housing market is very overpriced, so finding a property that was in at least a semi-decent area proved to tough, not to mention the issue of rent control for any property built before 1978.

The goal is to "Control everything, own nothing".David J Dachtera"Success is not a destination.

Parent hate to move their kids too.

You don't have any control how that cities economy going to perform during the time in which you own your rental.

My parents immigrated to the US from Guinea, West Africa before I was born.