This deal was attractive because it required no repairs or lengthy projects.

We teach real skills, create job opportunities, and even help families with low-income or free repairs when possible.

Out of desperation, I cobbled together my own way of staying on top of tenants, leases, and repairs.

(both were pretty accurate in 2018)Garbage: $500/mo (accurate if not a little high)Insurance: $130/mo (way low... it would have been closer to $400)Vacancy 5%, repairs 1%, CapEx 5%, management 0% — all way too lowRed flags I ignored at first:During the house walk-through, we were a little drunk with excitement (don’t do that).  

That way if there’s turnover, a bad tenant, or an unexpected repair, you’re not scrambling.

You can't just dial up a lender and pull equity for repairs.

It lets you categorize income/expenses, track payments for mortgages, taxes, insurance, and repairs, and generate reports for year-end tax filing.

Quote from @Junior Maravel: I would use a PM software, and have a vendor list on standby for anything that might go bad with emergency calls or issues that come up with repairs/maintenance.

Granted, this was my personal 90 second due diligence, but the initial sniff seems like they are a legit company doing real deals, and if I were actively looking for new syndication investments, it would prompt me to want to learn more.Only thing that would keep me a bit skeptical on a call is their 2016 founding. 

Shared expenses such as insurance or roof repairs are usually divided based on square footage or number of units, while costs that only apply to the rental are fully deductible.