I'm sure that there are a few big Players here on BP that has done that before, especially those that buy a LOT of inventory for their portfolios. 

The trick is finding an equalizer or something that allows you to compete with theses types of players.

The small mom and pop property management companies are getting acquired by several large national players these days (with large check books!) 

And the 10.5% one is a last resort.

Bruce Norris was talking about the west coast MFR market and made the comment when he talks to the bigger players in this area.. and ask's would you buy your deals at what you could sell them for today.. it was a resounding NO.. so in my mind if you would not buy them today at what you can sell them for.. might be a good time to sell take profit and reposition somewhere else like this gentlemen is talking about. 

@Edward Burke What you are looking for is an Insurance Policy that replaces the Coinsurance clause with the Agreed Value clause.This policy gives you the ability to insure a building for less than the Replacement Cost, without being penalized for not insuring 100% of the Replacement Cost.Most companies do not offer this coverage, which is why your not getting great responses to your request.Also, if your calling the companies you list above, they are not players in the commercial Insurance space, and the agents don't have the ability to craft a policy to your needs.There are several insurance carriers that can do this. 

If it’s a hotel style safe, YouTube “rare earth magnet safe open” Then remember this next time you consider all your goodies safe in your vacation resort closet safe

(Traditional banks don’t seem very interested in doing HELOC’s).I’ve resorted to just looking on the MLS at this point.

@Sean Trily Recently, there was a podcast episode about a former professional soccer player, who lives in Portland , Oregon but was able to find deals a few miles down on I-5 in Salem, Oregon.

It's currently called Oceans Resort and they're hiring right now.