I guess more of what I’m asking is, do the local investors seem to be able to scale up faster?

However, I think its your work history that is having the lenders second guessing themselves.

Farmers branch, Texas The property sits on a creek and park Pool and Jacuzz New windows10 year old roof1 ac 2 years oldMy guess on avr495 -480kWhat customer needs 410kRepairs Guess of 55kFloorsTile in kitchen Wood floorPopcorn on ceilingWood panelingBathroom remodel It’s about to be foreclosed by the reverse mortgage.

I have never heard of that happening but I guess I could understand why a lender might hit you with the debt. 

I guess the issue to figure out is, 1) Are you just getting unlucky in terms of tenants and turnover, and valid deferred maintenance (of course your PM is the one placing the tenants) OR2) Is your PM overcharging you for things besides his/her PM fee in an unscrupulous way OR3) Some combination of 1) and 2)8500 for a repainting of stairs seems awfully high...At this point, I would start reaching out to all your friends and of course people here on BP to recommend a new PM.

I'm guessing the former given your profile.

I guess the goal would be financial freedom, though I don't know that either of us are going to quit our jobs in the next 5-10 years. 

My guess is that we are still on the cusp of a new paradigm of how syndicated real estate deals are marketed and how investors choose to invest.

And rental income i guess but for now it's all going into rehab.

I guess I'm more conservative than others.