The partner’s sons will not trouble you much, but look out that some boys poorer, much poorer than yourselves, whose parents cannot afford to give them the advantages of a course in this institute, advantages which should give you a decided lead in the race–look out that such boys do not challenge you at the post and pass you at the grand stand.

@Hardik Patel, the big money (institutional money) buys "no work needed" properties.

She was speaking directly to the institutional grade student housing apartment complexes, however.

I don’t need a loan; however, I’m all about using institutional money so that’s in the works as I continue to grow.  

Sometimes an institutional seller, like Fannie Mae or HUD, will put a restriction on the timing of your sale, for instance: you may not sell within three months for more than 125% of the sale price. 

It doesn't matter how the lender is (private lender, a broker, bank, financial institution, etc.) - the loan to the 401k must be "non-recourse", meaning that you do not provide personal guarantee, the property is the only security for the loan.

With that said, my first and second investment was in Ferndale and at the time, I was told I was crazy and it wouldn’t  see the growth that Royal Oak had.

PWC & Urban Land Institute study 78 different market in US and rank Seattle as top Real Estate market for 2018...Top spot for last three years...2017 - Austin2016 - Dallas2015 - Houston

He leads an extensive discussion about the "entity" and the "institution" against him (which is the bank).

It's hard to find deals right now, but if you're the bank (cash purchase) or you don't care if your returns top 7 or 8% (institutional buyers) then you're going to clean up nicely because competition has greatly slowed.