That's funds who could literally burn a million $ for a weekend weenie roast, and they say it's too much risk. 

I had one guy I had never had trouble with before Julie where I got burned. 

The overall mindset is that a sure thing cash flowing nice and with good tenants is better than nothing and if they were to sell they would rather have the next deal already lined up rather than let the money burn a hole in their pocket.

And people who end up on the streets and remain on the streets, either don't have a support system or they have burned so many bridges with their support system through their behaviors that their support system won't allow them to stay with them anymore.  

For example, a burned out electrical box (happened to me a couple of weeks ago on one of my rentals), or leaking water lines (also recently in a different rental) constitute "emergency" repairs where the PM doesn't need my approval.

Also, just a note, due to zoning changes in our city, if the duplex were ever to burn down or be destroyed in a natural disaster etc.

I've got my eyes on 2-3 apartment complexes on LoopNet that have made it past my BS filter. These all have a unit count in the high teens or low twenties. I have some specific targets in mind for cash flow and cap rat...

Addressing the problems is like trying to put out small individual fires in a forest that is burning.

This is a slow burn, however.

I was burned so many times in CA and IL because PMCs were basically afraid of tenants, Todd and Melanie are not.