Even if they only do the 2nd on the property they will have an income stream for awhile, which is especially appealing to those who are trying to retire, and they have most of their risk mitigated since they have gotten most of their cash out.

Consider a little town up the road, Cleveland....the cost to participate in Section 8 is more, the registration of property, and then add on top of that the cost presented by new legislation to mitigate lead paint (landlord responsibility!)

Service and communication are important, but knowledge and experience is really the difference.It's nice to get regular updates and to have an agent run errands for you, but what really matters is that you are confidently buying the best deals possible, that your risks are mitigated and that you have someone shoot a few holes in your ideas and strategies to make sure they are sound.

There was a flooding issue in one of the rooms during a 100 year rain that they spent $15k to mitigate in 2022.

How much did your commercial property insurance increase (%) this year and are there any strategies to mitigate? 

Now, scale this up to a syndication level with even 10 investors, each investor wants 2 weeks per year there, and all of a sudden your investment is only available about 60% of the year.I understand this can all be mitigated with blackout dates, total days stayed per year, etc.  

We know that post 2008 virtually all sales until a few years ago had to be for cash .Would be interesting to see if your numbers are falling in line with national averages.I know a few of my Vendors only sell for cash and have not made a financed sale in years.And that in its self in my mind mitigates a big bubble burst. 

As a newer real estate investors, it's nice knowing that these deals are at smaller price points to help mitigate risk, it's a great route, but not the only one. 

I hired a PM to manage because I just didn't see how I could do it myself and properly mitigate and manage risk without being able to inspect the unit, other than trusting the cleaning crew.

Mitigated risk and positive alpha by providing safe, clean, functional housing, treating the tenants with respect, and producing results.