These are people who share motivational characteristics of people ready to sell, but haven't yet done all the work they think they need to list property. 

There are some guys out there that sometimes target returns north of what we target but again, it boils down to their track record, asset class and deal characteristics.  

If deals in your market with similar characteristics (age, condition, demographics of the area) are going for a 7 cap then that is fine. 

BUT, it really depends on your characteristics as a borrower and what you're trying to accomplish. 

These are people who share motivational characteristics of people ready to sell, but haven't yet done all the work they think they need to list property.

And I can with absolutely clarity assert that individual is not realizing a major financial characteristics of their real estate asset if they aren't "working for them." 

These are people who share motivational characteristics of people ready to sell, but haven't yet done all the work they think they need to list property.

For example, some people feel Self storage and mobile home syndications are more conducive to a fund model due to specific characteristics of these asset classes. 

The bottom of a piece may show more grain characteristics.

Or you can reject and refute privately or publicly everything that I stated and go on with your life.Everything you said about snowflakes is true, however the recognition that a snowflake is unique, and the fact that a snowflake is delicate are different characteristics.