Expanding on this - do either of your employers offer a stock purchase program?

Some of those complaints have merit and there are clearly bad actors in the space, but many of these situations involve projects that are simply delayed or underperforming, not fraudulent or mismanaged.This all converges on a simple point: it is critical to vet potential LPs before taking their money.

I’m interested in hearing directly from investors who have participated in turnkey programs and are far enough along to reflect on actual performance.Specifically, I’d like to hear from investors where all of the following apply:Property owned for 3+ yearsProperty has gone through at least one tenant turnoverOwner is out of stateDay-to-day operations handled entirely by third-party property management and vendorsUnder those circumstances, how has the investment performed relative to your original expectations:UnderperformingMeeting expectationsOverperformingIf you’re willing to share, it would also be helpful to hear:How closely actual maintenance and capital expenses tracked underwritingAny lessons learned that weren’t obvious at the time of purchaseThanks in advance.

Same for 2-years of job/income stability.Tenant Default: 10-20% probability of eviction or early lease termination.Section 8: Class C rents usually meet program requirements, proper screening still recommended.Vacancies: 10-20%, depending on market conditions and tenant screening.Cashflow vs Appreciation: Should cashflow immediately, at the lower end of relative rent & value appreciation.Class D Properties:Tenant Pool: Majority of FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, but should have no convictions/evictions in last 12 months.

I do not have any experience with this company but in most instances, owners run into lots of limitations with the software/program and wind up hiring a PMC.

@Javier Rosales it seems like you can potential build a duplex, but you'd have to go through the CUP process which can take a few months, maybe a year, and involve a hearing where anyone can fight the project, but doesn't mean that they will. 

If the goal is truly to replace W2 income, a more realistic approach would involve development related investments that have the potential to generate more meaningful cash flow.

I requested a formal withdrawal of my application with documentation that it was withdrawn, as it was not an appropriate loan program for me and I was not comfortable moving forward.

Same for 2-years of job/income stability.Tenant Default: 10-20% probability of eviction or early lease termination.Section 8: Class C rents usually meet program requirements, proper screening still recommended.Vacancies: 10-20%, depending on market conditions and tenant screening.Cashflow vs Appreciation: Should cashflow immediately, at the lower end of relative rent & value appreciation.Class D Properties:Tenant Pool: Majority of FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, but should have no convictions/evictions in last 12 months.

The time and expense involved are minimal relative to the potential investment.