He is an older guy, at or near retirement age and he appears to be a one man operation or mom and pop office at largest.  

But one thing we must consider and no one is talking about... if there is a price constriction in the bay area there can be a price constriction in ANY of the other cash flow markets.My first foray into HML in Detroit the homes were appraising at  120 to 140k in 2002.. we loaned 60% on  HML... those homes dropped in some cases to worthless in 10 years. and then as investors came back on the scene maybe get back to 20 to 50k.. now I know your point is going to be that's Detroit Jobs etc.I also was loaning in Atlanta one of the largest economies in the US... same numbers 120 to 160k nice homes 5 to 20 years old.. when they cratered they got down to 20 to 40k..

The only problem with that is that they only track the largest metros. 

@Brian Eastman The largest drawback to me for the Self-Directed IRA - which is what I was originally gravitating towards - is the UBIT tax on income gained from leveraged debt.

The growth is mostly thanks to an expanding Texas State University — the largest employer and largest property owner in the city.

@Jay Hinrichs I am with a self-directed IRA company...one of the largest in the space. 

The answer is yes we arguely have the largest inventory of DST’s in the country.

c=94...Its the largest known Monetized Installment Sale at $1.4 billion.

The year-over-year increase was the largest since January 2015, when active listings jumped 11.0 percent.

Sure many of us former bros today feel like pros because we rode the largest expansion in US history.