Collin, I'm not qualified to comment on the strategy of Fairly, but if you go to their website you'll find their program laid out pretty well.

this is exactly the kind of work that I think adds value with Ai, very cool to see it being implemented and excited to see the results.  2M for the initiative seems like a pretty decent price as far as government programs go. 

If there’s physical damage dishwasher goes out 3 times in one year like it has in the program I work at the company pays the first $500 towards repairs or the new one.

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’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.

I'd look into other loan programs such as 5% conventional.

The tenant is part of a project Independence program where the lease is with Catholic charities and the person living there is the subtenant.

If you don't have the 3%, the FHA program allows it to be gifted by a relative.

This entire program seems to be overhyped to me unless I'm missing something. 

Highly recommend "Main Street Millionaire" by Codie Sanchex, "The Personal MBA" by Josh Kaufman, "HBR Guide to Buying A Small Business" by Richard Ruback and of course my personal favorite " Buy Then Build" by Walker Deibel.I truly do mean this with all due respect but I see a lot of your posts and they almost all seem to be telling people not do this, that, or the other without any meaningful suggestions beyond "don't".