In Bridgeport, CT and Texas the investment is about 10% of rents collected which frees you from taking resident phone calls, coordinating maintenance, leasing vacancies, accounting P&L's, conducting inspections and making property payments."

Do you conduct background checks on all listed occupants residing in the home or just specific individuals applying for the lease.  

However,  an agent who is a Realtor, agrees to abide by a certain code of conduct that you are not and that is to promote their clients needs over their own. 

I wouldn't buy fresh cut flowers from someone who dealt in porn or that condones passing along unethical and/or illegal business activities, or conducts it,  it's not about their right to do so, it's about ethics and being a good business citizen.

If you can't conduct yourself within the reasonable expectations or your group or industry or society perhaps it would be best to remove yourself from those constraints.

Since FDIC insures banks and has an interest in the business conducted and exposures to risks, such banks got spanked.There are risks to lending that go far beyond the loss of money lent.While, in reality, if the originator/underwriter really know what they are doing, risks are very minimal.

(v) Any other conduct that constitutes improper, fraudulent, or dishonest dealing:This statute provides a catch-all for any behavior that the Commission considers wrong, fraudulent or deceitful.

Also, landlords have much flexibility such as conducting background checks, managing their leases and providing comps in the area for maximum rent.

Thus, the 2% rule and GRM are simply tools to help you filter properties and determine which ones are worth conducting more due diligence.

The studies are conducted all over the U.S.As for hedge funds, keep in mind many of them lost their shirts by holding real estate securites and properties that within a few days was worth a fraction of their original investment.