This company, and a few others, are trying to put into place a totally new and unproven business model. There is NO precedent for what they are trying to do. Having purchased thousands of single family residences, then rehabbing and renting them out all in the HOPE of selling at some future time is a huge roll of the dice, to say the least. This has NEVER been attempted over an extended time frame on a massively large scale. The cost of carry, cost of rehab, cost of maintenance and then the costs of sale are huge. Oh sure, there will be decent cash flow, but for how long? This is a very scary business model that is highly speculative at best. This stock is a fundamental SHORT on any rebound toward the IPO price.