On the other hand, non-local lenders may offer more competitive terms or flexibility since they're not tied to specific regional trends.

Over the years, I have 1) invested heavily in education (underwriting, financing, market analysis, asset management, identifying macro/micro trends per market, etc), and 2) developed strong relationships with a network of accredited investors who are interested in diversifying and jumping into the multifamily space.

Please note the information provided below is a layman's definition designed to provide a basic understanding for the general audience.

Do you have enough time in these that you can show consistent trends in expenses and vacancy rates? 

(yellow, blue, handwritten, scribbles).19.Slap a unique tracking phone number on each mailer design.20.Spend another fortune sending mailers, again.21.Get yelled at, again.22.Remove people from the list that demand it, again.23.Receive a bunch of returned mailers, again.24.Spend another fortune to skip trace and resend the new mailers… again.25.Subscribe to your favorite real estate investing forum and ask people what you are doing wrong.26.Try hard to make sense of their response: “If all this is not working for you, it means you didn’t do it enough, do more (of what obviously is not working), and stay consistent”.27.Get depressed.28.Get yourself together.29.Do it all over again.30.

I am sure brokers and RE agents love this trend, after all less competition for them is good for them.

But on the other hand real estate trends change so slowly, especially migration trends.

This is mainly due to the large amount of inventory and still high prices (though they are trending downwards).

Due to the nature of a fund model, the projections we shared with our investors, changes in the post-pandemic market, and the fact that a significant portion of the returns to our shareholders are realized as the facilities become stabilized and begin to churn out cash, high cash-on-cash returns during the first year of this fund – designed to acquire troubled, turn around assets – did not result.

Ive also noticed a big trend in private lenders originating 2nds and gap funding and whatnot.