REITs (and to a lesser extent CMBS) have more liquidity because they are more homogenous, do not require significant upfront (and costly) due diligence to trade, and carry more robust third party surveillance.Weak Interest Alignment—There are a few deals where there is significant sponsor equity at risk.

@Logan Allec Wow Logan that's exciting, I don't really have any input except it seems like all the numbers align.

Allan Rosenberg I personally don't work with brokers because our interests are not aligned.

If you want to be in this game for the long profitable haul you need to make sure your properties align with your numbers, otherwise when the market hits a snag you may not be able to come out of the trenches in one piece.I remember when my husband and I went to bid at our first auction sale (we had attended several auctions before to get a feel of the atmosphere) I had an excel sheet for the property I was interested in and detailed profit/loss for every $5k increment of bid.

I'm of the believe that you take the financing that's available and fits the bill for the opportunity you have in question - whether that means accepting variable rate risk for the right deal (or for a deal that has future potential for easy refi's to more stable funding, or one that you plan to only be in for less than the fixed period) or holding until you can align a deal with the availability of fixed rate funding.

Most property managers align their leases on the same timing.

If you are buying a C class property, the JV approach is much better than working with a Turnkey provider because their financial interests are aligned perfectly with yours.Rule #2:  Avoid The War ZonesAll lower income neighborhoods are not the same.  

FACTORS TO CONSIDER IN DEVELOPING PRUDENTIAL STANDARDS FOR NON-BANK MORTGAGE SERVICERS In alignment with FSOC’s recommendation, state regulators have considered a variety of prudential and corporate governance standards for non-bank mortgage servicing companies.

Diary entry One- I just spent a month doing the due diligence, aligning the management team, developing relationship with key players (particularly the lender), and I am almost there.  

In addition, use the BP Networking > Meet link to connect with members and network with individuals whose goals align closely with what you are looking for..Anyways Good Luck and hopefully meet you in the near future.