You and I have similar tendencies, the difference is I absolutely CAN NOT STAND lost rents....those are like planting a crop then not making the time to harvest it, you never get it back!   

So they gave out a ton of pink slips and have had a massive layoff.

What if the old landlord told them they could paint all the rooms pink?

It is not my intent to discuss Brad's fees, but it is much less If you take the option that is without hand-holding and without harvesting money from the group.There are many other options out there. 

We'll wait for the rates to tank in the next few years before we go for another around of harvest.

Interesting idea.If my kids were considering this, I would encourage them to try to find a single family rental instead.They would have greater control over the investment and could chose when to enter, exit, invest cash or harvest cashThey would get to keep all the cash flow, without any management feesThey could pick the property and location in which they choose to buy rather than be at the whim of the crowdThey would learn more from the experience and become better investors

Turn off water heater . 1 gallon of pink in the toilets , 1/4 gallon in all traps .

But, there's no way I'm growing my own banana tree and harvesting the fruit.

Otherwise, we only painted the exterior (it was an ugly pink and was chipping) What was the outcome?

And you've got the opportunity to harvest some additional depreciation and other benefits.