In this particular market, values can really change on a neighborhood to neighborhood or even street to street basis.

I'm so sick of logging into all these different mortgage sites on a daily basis to get info for book keepers and CPAs and for new loans.What happens next?

Since we are a brokerage we deal with a lot of them everyday.

Second, what about basis? 

I can come up with at least 100 things that people might object to, and I can spend every hour of every day trying to figure out how to handle those objections. 

Providing maintenance is not normally the basis for a rental increase.

However, it's likely you'd need much more than that on a monthly basis to make this a viable investment. 

Every day they stay longer, the deposit gets smaller.

Expect some increase in the bids that come in from you concrete sub, as they'll have to travel a decent distance to get to your site every day. 

@Rudy TateI just got this from fundrise:Fundrise Advisors, in our capacity as Manager of the eREITs and eFunds, has determined that it is necessary at this time to suspend the processing and fulfillment of redemption requests.While under normal market conditions, we seek to provide investors with the ability to redeem their investments on a regular basis, during times of financial crisis or extreme uncertainty, it is absolutely critical that we suspend redemptions in order to protect the interests of all our investors.As Manager, we have an obligation to make decisions based upon what is best for the entire Fundrise investor community and must always put the priorities of the whole above any one individual.Fundamentally, Fundrise investors own real property, which is simply not liquid.