He has been through about 4 cycles he said and he said each time for commercial multifamily was the leading drive on the rebound.If you look at cycles they all have similarities and some differences.Recognizing these patterns leads to the best portfolio and the best returns versus risk.What Rich said holds true in that you avoid the herd mentality.People that do not invest prudently do good with some properties and then the others bring them down to a negative to flat position for years before you can recover.Some of these syndicated pools of investors look at the big project as a smaller risk.That is fine if the gamble is made based on the funds entered is only a small percentage of their total worth.Example if the have 2 million liquid and want to spend 100k for an interest in a property that could throw off very high returns than they are still safe versus their overall portfolio.I can tell you that buyers think "I am buying so low there is NO WAY I can lose on this!".

If you want to gamble try sports betting.

Some real estate investors have chosen to abandon the bidding wars altogether and have gone back to their tried and true methods for finding good real estate deals.

After I have chosen the tenants, I have them bring a copy of their driver's license and social security card to give to me when they sign the lease agreement.

Once you have chosen your area, go out every Sunday for a while to open houses.

In the infamous words of Hyman Roth "This is the business we have chosen".Yes, they can milk the system and cost you lost rent.

One year tenancy should be enough to argue something in front of the judge.And then you could always gamble a bit: On one side, if it fails, you loose $100 or so filing fee and your time (if you go yourself to court).

I did have a bpo agent friend go there already and he said it would going to be a gamble to rehab and sell but to put it back on the MLS he thought it would sell at $60k due to the land prices there.

But i'll admit that life has it's gambles.

You've wisely chosen the field of real estate!