Was this an update to the unit that enabled you to increase rents?   

Follow the Smart MoneyWhen a major player like Blackstone makes a move, it is worth noting where they’re reallocating capital.

My Chicago mentality has only grown because I continue to grow and build a stronger network of A players here in the city!

Hi, Are all big players selling off RE and keeping them cash ready? 

It's vitally important to know who you are working with, and have the history of the players involved.

@Lexi Blocksom If the burden of holding the property outweighs the long-term gains, a 1031 exchange allows you to defer all taxes, and you won’t have to recapture depreciation.This option enables you to use the deferred tax benefits to purchase nicer properties in areas with greater growth potential.Once you complete your exchange, you can immediately do a cash-out refinance if you need access to some cash, tax-free.

It enables us to keep our money working at our current rate, and it puts more money in the hands of the rehabber.

Here are five dangerous provisions to watch for in an Operating Agreement:Dangerous Provisions to Watch:Authority to incur debt without investor approvalPower to make loans to other entities/projectsAbility to cross-collateralize with other propertiesPermission to use investor capital for other venturesCommingling of funds across different projectsWhy These Are Potential Ponzi Indicators:• New investor funds could be used to pay existing investors• Project-to-project lending can mask poor performance• Cross-collateralization puts your investment at risk for others' failures• Commingling enables masking of financial problems• Lack of project segregation enables fraudulent schemesProtective Measures to Look For:Strict single-purpose entity requirementsProject-specific bank accountsDebt limitations and investor approval requirementsProhibited related-party lendingClear fund segregation requirementsProfessional Best Practice:Request bank statements showing separate accounts for each project.

I actually feel like I learned a lot in college that would have taken me 15 years to have the opportunity to learn “on the job” IF I was even able to obtain the position to enable me to learn.  

Understanding the market enables you to spot good bargains and steer clear of potential loss-making regions.