After the repairs are done, send a bill to your neighbor demanding payment within 30 days or you will sue.

While these alternatives may come with higher interest rates, the flexibility they offer such as faster closings and more lenient terms often outweighs the upfront costs, especially in fast-moving markets.For example, hard money loans can give you the ability to close quickly on distressed properties, which traditional banks may take too long to approve.

Ability to work remotely so they could keep their jobs and live anywhere. 

The goal is to provide safe affordable housing at market price, and if residents don't pay, you have the ability to get a judgment within thirty days.

This add an element of unpredictability.

Tax benefits are great, and the ability to extract equity without selling is very beneficial when trying to scale.You don't have to BRRRR, you an always buy an apartment, fix it and flip it.

It’s a tried-and-true way to build long-term wealth, with tax benefits like depreciation and the ability to leverage financing.

You are just starting out. you want to invest out of state, not locally.You want to skirt/evade the law.You want to engage in a rent model that requires a hands on referee at all times, remotely.You want a rent model that has strangers living with each other, raping/murdering/stealing from/harassing each other, without any ability to intervene.  

@Jason Fitzwater for me, it was personal use (limited) and the ability to go up on a weekend and tackle smaller projects.

A lot of these buildings are already filled with renters that have hit their limits on ability to pay.