Don't know, I think there's a lot to be said in favor of being able to do your dd on the one company,then stick to them (eg "winning horse"), as opposed to kicking off the entire process time and time again with a new seller/pm/property/rehabber etc etc for each and every investment considered – particularly when you're trying to do it all remotely and/or trying to juggle other interests, hold another job, etc.

For me and others like me, that simplicity is worth quite a few buckaroos, considering the amount of pain and buckaroos it can save you when you make mistakes.

This is all provided you do your proper dd on that one supplier or "middleman" and indeed choose a winning horse.

Kyler, I love you to death man, but you're WAYYYY over-generalizing there. The situation regarding welfare is far more complicated than a pure numbers game, as much as investors love to see the world that way.

In Japan, the housing companies (eq. of HOA or body corp) fees include a component called "accumulated funds" – this guarantees that all future repairs/renovations don't cost the owners anything more than they've already paid monthly, and also guarantees the housing companies make a huge profit on interest from funds collected for years and never used unless absolutely neccessary.

As an indirect result, they never ever contact the owners with any kind of request unless they absolutely must – their worst fear is that some owner will suddenly "notice" they haven't renovated or fixed anything beyond emergencies for the last twenty years, and are comfortable sitting on hundreds of thousands of dollars in collected "accumulated funds".

The above makes condominium investments in housing companies managed building the most lucrative and hassle-free property investment one could possibly imagine.

That's just ridiculous, I don't get it…we don't even advertise the gross yields on our publications, what's the point? It's all about cap rates, isn't it?

They claim their properties are "unique" and only available to the exclusive club members who pay them $1K to join.
Personally, I prefer a far more transparent process, and don't like the idea of paying someone to look at their website, but maybe that's just me.

About a third of our units in Japan are tenanted to government supported tenants (eq. of section – these are mostly old, sick or disabled folk, and are no different than any other tenant – it's the neighbours who don't like them, more than anyone else. From what I read above, it's very similar in the US.