Be wary of any calculations the implicitly or explicitly assume that they are fixed.Also, many of these things vary with the region you invest in, so be wary of estimates adopted from other markets and trying to apply them to your market.

-Detroit News, 2018 "A 2014 study by the Lincoln Institute of Land Policy found that it had the highest property tax rates of any major U.S. city." - Forbes, 2018"Collectively, these four factors – taxes, regulations, poor services, and plain corruption – could be called “bad public administration.”

Institutional lenders don't really do non-recourse loans of that small of a size.

Who’s Disqualifiedyouyour spouseyour parents and/or your adoptive parentsyour natural grandparentsyour natural children and/or your adopted childrenyour stepchildrenThe spouse of your natural childrenyour grandchildrenAny fiduciaryAny people providing services to your IRA

I am a member of the institute and all of these individuals are top of their class.

. - Angelina Jolie adopted a child from America. - Parents in Beverly Hills fired their nannies and learned their children's names. - A truckload of Americans were caught sneaking into Mexico. - A picture is now only worth 200 words. - The Treasure Island casino in Las Vegas is now managed by Somali pirates. - I called a car dealer to get the book value on my used car.

We instituted several things about 9 years ago- we put 12 filters in the house with dates on them and then take a time stamped photo of them being provided, now 9 years later, we use a company called second nature to mail and deliver them to our properties (right at the front doorstep), they have a date and logo on them, as well as being charged to the resident as a part of our resident benefit package.This way, if there is a problem with them not doing what they are supposed to do, the cost of repair, cleaning etc… are all on them.

I heard that before rates gone up, institutional investment was almost 50% of the sales in Texas.

There are many institutional private lenders that will lend your money, manage the entire process, provide you the return you are seeking and create their own margin through arbitrage, origination fees, and other tools of the trade. 

It is up to each jurisdiction whether or not to adopt it, but it is in there for the first time.If you are looking to do something like this I would highly recommend watching that documentary and looking at the new code.