That's why NY State passed the "Home Equity Theft Prevention Act": Home Equity Theft Prevention Act There are as many scammer using Sub 2 as legitimate investors doing it.

In real estate, it is unfortunate that "mathematically" the formula for this Operating Yield is identical to the formula for cap rate!

If you allow all to access the same subnet, then any tenant can gain access to any other's equipment (aka breach file sharing) and ID Theft is a possibility. 

Be sure there is an end date - the neighbor did one for a tenant without one and when he wanted to cancel it after non-payment of rent (and his kids running a car theft ring out the property) a court said no, tenant could buy whenever. 

Well... it will be when an applicant goes through id theft and lists you as a source that collected sensitive information and question about your process will be asked and yeah it applies to even a self-manager. 

You can also legally obscure your identity as the owner of the property from various public information sources.

Their landing page looks almost identical to Zillow.

An investor operator makes investing more of an identity than a passive investor.  

I'm libertarian so taxes are theft.

Let the house go back to the bank.  1and half later buys almost identical house for 350k as the market started leveling out.