Definitely a framer function... 

I hunt for ugly houses with good bones, rehab them for function over flash, rent for steady cash flow, refinance to pull out my initial money, then do it again.

It's a popular platform for travel medical professionals that have two fairly distinct rental behaviours: They want studios and one bedrooms close to the hospital (15-20 mins max) and they often have a limited budget of around $1600 or less.If you have a larger home, Airbnb is a GREAT place to market your MTR as it is the largest OTA out there with about 20-25% of nights booked for 30 nights and more.

This isn't the largest part of the return, which is the increase in equity: loan amortization + capital appreciation.

Cash flow is a function of leverage terms in the deal.

Whether or not they can collect on the judgement is a function of the debtors financial strength, state of residence, what form their assets take, asset “protection” strategies, how far the plaintiff is willing to go and how much they’re willing to spend, etc.  

It makes the accounting function easier going forward.

Basically, what is the long-term outlook for the DOD function they are supporting?

It’s mostly about safety (no peeling paint, working smoke detectors, no broken windows, functioning HVAC/plumbing/electric).

People who's primary function is to raise money and do not have a true role in the GP are breaking the law unless they are licensed to raise money.Do you want to give money to someone who then just hands the money to someone else, without any real control over the deal?