Having a cleaner drop it off at a laundry mat and pick up at a later date for a cheaper per pound cost just adds more labor / steps of complexity to the process.You can add two night stay minums to reduce your cleaning and laundry costs but it drives away your opportunity for big one night pay days.

But on their FAQ they mention payday loans as well as real estate loans and goes on to talk about Alberta and other provinces in Canada, not Seattle or the US, in general.

I wonder if these are like pay day loans super high interest.. does anyone know what the interest rate is.. that could be the play.. be the lender on these deals :)

But I did want to point out that every city has its areas like these and there are huge upsides in Path of progress we all see it we all see the farmer that bought on the city limits 30 years ago and hit a huge payday..

A good payday in the end, especially for my first.

A contractor or property manager may get work / a pay day when you buy. 

Maybe, the "Smart Money" was smart because they got their payday when they sold to the individual investors?  

And my wife just closed a transaction here in Oregon last week 2 homes and she made 4 sides .. these were 400 to 500k each though so pretty big pay days on those compared to rental houses in Cleveland.

You have a big payday coming from the insurance for the property damage, lost rents, cleanup, etc.

It's the path of least resistance and the most certain payday for their client and themselves.