It seems random to me.

You can loose a year of cashflow very quickly to unexpected roof repairs, furnace or air conditioning replacements or even exterior painting for a random C of O inspection or a shocker come tax time.

Then if I look back through some of their history many times a lot of the posts are just random jokes/banter or saying "I agree." 

What next is your son going to invite random street hookers to live with him or maybe the local crack dealer ?

Cockroaches don't randomly walk down the street looking for a clean house to invade.

But some points:Included in this is the director of the program who can determine raising fees, the time frame for random inspections and more.How this would be a 4th amendment issue is if the random inspection or other inspection from someone's complaint - not the tenants. 

As long as it's in/near the 610 loop.Since I own/manage 1000+ units inside the loop I get asked to fee manage someones random 30+ unit all the time. 

Never post on a public forum how much cash you have sitting around.Be prepared for lots of random colleague requests and messages now.The answer to your question totally depends on your goals and risk tolerance.Do you want to buy SFH's or MFR's?

Should I put down some random amount such as $1 or does it need to be a percentage?

If you start with the platforms themselves, you will probably end up with a random, unbalanced portfolio that’s taking on more risk than you intended.