I expect they are largely responsible for the perception that low-flow toilets do not work.  

It also begs the question, just how sophisticated and knowledgeable those deploying (or trying to) are.  

It is funny in TK sfr's everyone buys on pro forma.. but try to sell a multi family to a sophisticated investor they would never take these pro forma's for anywhere close to actuals.. they would want to see history.. and there is no history on a freshly rehabbed TK so know one really knows how they will do... other than blue sky..

I wrote a rather long post, no ide where it is but it's here, about the subject.You can certainly advertise for a "lender" might get lucky and some bank loan officer might call ;)Don't even refer to money folks as "investors" never imply a yield they will receive or profit in any ad, much less in writing.If someone were really serious about wanting money folks, if they can't approach the matter with a little sophistication, they should ask someone to help them.

Stock prices most often have nothing to do with the company's performance (for the most part), but have everything to do with the perceptions of the investors and where they think the company will be in a year or two.I too, think that a correction is coming..I wonder if anyone out there has started to sell their RE assets and just sit on cash, waiting for lower prices?

You are really asking all the right questions, and your background gives you a lot of financial sophistication, so you are probably not likely to make a big mistake.As for the coming correction, we all know it's coming, but nobody knows when.  

But that does mean being a sophisticated investor & doing everything you can prior to offer acceptance to ensure you close the deal.  

While the skill of analyzing the numbers is prerogative of very few, and very sophisticated investors.  

That will be pretty much ignored by a lender as they will still be looking at the source of funds, business income available to pay its way.....and you're running the business and from that stand point, your business should have a return above the salary level, so you could make the perception of success even worse.

What I lamented in my original post, as well as the follow-up, is that your post caused me to form a perception of you that was unfairly not good.Jon - you obviously paid attention; good for you!