But from what I've observed (and I'm sure you've seen too), only a few new investors, who are more analytical in nature, do this.One of the issues that I've seen again and again is new investors putting together a "spreadsheet" based on their limited understanding, that produces inaccurate or misleading numbers.

Also would love answer to the following: - Are there any specific challenges or advantages you experienced compared to a JV structure?

Challenges?

Holding LTR in san diego on a new purchase is challenging not to be large negative at high LTV.  

Challenges?

Had several challenges with their bookkeeping after I had to make an adjustment to one of my monthly payments.

So far the only applicants I’ve gotten on the hook for my unit were a younger couple who were very upfront that their credit was a little bit challenged.

Challenges?

Challenges?

Some investors have found that working with the right team even in challenging markets can be a pleasant and profitable venture.