For me it's not so much that I hate the platforms, it's more the old "builders house never gets built, and mechanics car never gets fixed".Account Closed  were you aware that the top level domains .estate and .property are now available through Google Domains?

There is no 'technical' reason a WRAP can't be used in that scenario...the mechanics of it are fine. 

@Marcia Maynard  some of my mid west vendors that I finance will do kitchens and baths as nice or nicer than medium priced new builds here In Oregon and Wa.so in those areas were there is competition for the best tenant.. what are they going to choose brand new kitchen and bath with granite and stainless appliances. and a fully tiled bath include shower or 20 year old formica with burn stains in it... and cruddy old white appliances.this is what todays turn key guys are doing in some markets.other markets not so much.. they will spend the money on mechanicals and go with small cheap kitchen and just bottom end bathrooms but that is also what their competition is doing and what the tenant expects.

Losing money, dealing with mechanics liens, etc.

I've not had poor experiences, I do not see eviction as a tool to get a tenant to pay, I see it as a mechanism for getting rid of a tenant.  

I have a BS in Mechanical Engineering from Western Michigan and a MS in Mechanical Engineering from Purdue.

While the business model and mechanics are different, the act of creating and executing a strategy to invest the IRA in non-traditional assets is the same concept.

Building a model in Excel isn't too complicated and is also beneficial from a standpoint of truly understanding how all the mechanics and levers of a deal work.After the underwriting and deal is done we have just started using IMS (investment management services) as an investor portal that handles all reporting, distribution calculations (independently verified), distributing K1's, in addition to rolling out capital raises and signing up investors to get access to the portal.

I've used this mechanism before and it works well. 

Repairs is usually $15 per sq ft not including mechanicals, roof, foundation or other major issues.With the hot OKC Market (means newbies paying too much) the all in cost (purchase + repairs) is about 75% of ARV (38K for 50K ARV).