I would guess you can rent out the properties (in theory) pretty quickly so your float should be pretty low.  

Most of the San Francisco "real wealth" investors believe in the "perpetual appreciation theory" so they say it's always a good time to buy, even with negative cash flow because it will always go up.

My theory is that anytime someone lists their prices at an obviously above-average price point, theres always that 1 or 2% chance that a complete dummy will fall for it, and that 1-2% chance alone is worth it to most people for listing their stuff at a high price.I'm not like that.

I understand that I do t have many properties and the bang for buck factor isn't necessarily there I'd like some feedback

In theory, my thought was that this structure aligns our interests and motivates the GC to keep costs down while also making the place quality enough to sell. 

This is great for wholesaling in theory because you can purchase a property in Trust and then transfer the beneficial interest to another investor for a price.

This sounds like one of those deals where the price seems good and you're getting a lot of bang for your buck, but it's really not.

It seems like a great idea in theory.

I can't prove it, but it's a theory. 

@Andrew Tortora your macro theory implies that their are people who are making less than minimum wage that are looking to rent and are currently unable to rent.