I cannot speculate about other people's reasonings.

@Greg HodgesHave not invested but just make sure you understand your risks of secured vs unsecured as honestly tired of listening people complain about getting screwed when they invest in unsecured debt and are like “oh I didn’t know”…. https://www.sec.gov/Archives/edgar/data/1831623/000117152023000262/eps10909.htmThe Notes are unsecured and holders of the Notes do not have a security interest in the real estate loans or the proceeds of the real estate loans.

Good luck I know, I missed the bus...

Lots of people with lots of experience on Bigger Pockets.

If that park is like most parks 90% of the people that work there won't be able to afford to buy a house anywhere close to the area, and honestly probably won't be able to afford apartment rent anywhere close to there.   

@Barry Randall, try joining a meet up regarding real estate in Madrid or meeting other people here on the forum close to you.

With taxes many people end up paying 30, 40, or 50% of their total income in taxes.

It's nowhere near as easy or sugarcoated as some people make out to be.

Some people think you can just move into a rental for 2 years and all the gains will be excluded.

I would not even call Evolve a PM, but as you alluded to in the final paragraph a marketer.For 7 of our 8 years in business we were full service only, we are now doing limited service to appeal to people disillusioned with Evolve.