Marriott has a chain of 7 new "feature" hotels in the world targeting Millennials providing social environments on the main level and tiny hotel rooms.

Maybe I'm prejudging here.Jeff  Yes you are prejudging there because many tenants that want to buy have saved up 3% for FHAMany millennial's have saved up enough money of a down payment to buy a house but they are on the fence on getting a mortgage; sometimes renting for a while is a good idea and getting financed later is better for them, test drive the neighborhood so to speak.People that have credit problems can save money just like people that don't have credit problemsYou can have credit problems but you can be self-employed or you have to much debt; those two issues stop a mortgage cold;  doesn't necessarily mean they have credit problems per se.Over 45% of current middle-class housing mortgage applicants get denied because of either DTE debt to earnings ratio or-perhaps 1 year on the job or -perhaps self-employed incomeMy students have access to a FICO coach for their tenant buyers that raises their FICO score so they can get a mortgageThe lease to own business model is helping sellers so they don't have a lot of equity in helping buyers by need some time to get a mortgage, it is not wholesaling it is closer to being a realtor

From one millennial to another my first property was subject to the existing mortgage but today most of our deals are cash.

Remember all those jokes about millennials living in their parents basement?

@James HamlingI’m offended lol I’m a millennial and I own millions in RE.

Millennials are having kids much later in life and aren't necessarily looking for good schools when they don't have kids yet.

I think that millennials are going to demand more apartments than SFRs.

Plus, we're Millennials.

Am I wrong to think that cap rates have declined as a result of millennial movement into the city and constraint on supply?

I think this would offer older millennials who are starting a family an attractive option in that they’re moving into a newer home without the commitment and lack of mobility that ownership requires.