I participated as the main contributor to the international forum but I didn't know they were going to abolished so I couldn't advise them against it.I imagined that they did that because of the low participation but that might change as I've noted a huge increase in interest in international investing lately, which makes sense given that the US is losing its advantage when it comes to cheap financing.

Last time spread was this low, March '09, from then until Covid 2020, SP500 went up 455% but VNQ-REIT index went up 555%.

If you have a low credit score (or in this case no credit score) there are fees or an increase in the security deposit. 

Thankfully they didn't even come close to the credit requirements and we found more qualified applicants.

Rental property: Worth around 500K; About 250K loan at low interest rate.

You can close in an LLC if that's a concern, and many times the debt isn't reported to personal credit.

Therefore, even if I obtain a good value for the surface yield, it's possible that the Net Yield is unexpectedly low due to unexpected expenses.In Japan, the ideal yield varies depending on whether the property is new or used, the bank's interest rate at the time, and the real estate market conditions, but if the real yield on any property is 10% or more, the property is reasonably profitable and the cash flow is sufficient in many cases.

Personally, I negotiate for better price/seller credits + put more money down to min 1:1 DSCR and keep it gucci. 

Buildium does a decent job of this and has a low minimum price. 

Your number will grow exponentially, not linearly and your blind spots are expenses that you are too frugal to manage today but will eat at a higher price tomorrow.The goal should be to eliminate expenses via consolidation, have multiple sources of income, and carry low risk(debt).