I'm sure the GPs also lost millions but they also make a lot due to acquisition fees. 

He probably makes over $1 million a year and has a net worth of $10 - $20 million.

Just musing ahead 10 years or so.With states now mandating the phase out of Gas/Deisel cars  How are MF owners going to attract and keep tenants that will now have EV's in the next 10 to 20 years ? 

Finding investors:  that is the million dollar question. 

If you'd like to keep your investments in California, Sacramento is starting to look more attractive, especially since the market has seen an increase in tech jobs.

@Renee LeFevreTo rent out your basement, follow these steps: check local regulations, prepare the basement with separate entrance, screen potential tenants, draft a lease agreement, set the right rent price, consider tax implications, update homeowner's insurance, and build a positive tenant relationship to attract quality renters.Good Luck!

Prices still attractive, but town growing that way. 

If the lease is at market rents and the unit is in great shape, it could be attractive to another investor.

Highlight features like the private entrance to attract budget-conscious travelers.

There are several texas who to me are not people I would want to do business with who took millions from investors and never returned it and still is out there raising $ and people are still giving him money for education and investing which is not gonna end well for them.