These investment groups, I believe, are masters at tax avoidance schemes meaning that local taxes unpaid will allow government services to decline and result in renters simply moving away in the end leaving yet another township in abhorrent decline. The government needs to break up this challenge to homeownership or very bad things are on the horizon.
Consider: There is no incentive for renters to improve the rental property. Often there is some disagreement between renters and landlords over repairs to the properties. If the cost of repairs is great, renters may opt to simply leave. While absentee landlords may opt to take time to hash out with insurance carriers over issues concerning repairs or replacement. This can leave a neighborhood with persistent eyesores that can reduce the desirability of the neighborhood causing more renters to leave. The result is that the once desirable neighborhood becomes a slum of absentee landlords. Few people who rent houses consider renting long term. Without the permanence of long-term homeowners, one cannot know what they are getting into since renters turnover at a high rate. This business model is likely to fade over time in popularity.
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