I highly suggest the meeting this Wednesday the Manhattan Project 2101 frankfort ave @6:30 Rapheal and Luke put on a very informative meetup where you can meet all kinds of people killing in the Louisville area.

We inherited a PM on our large PF cabin.

FIBI has multiple chapters near irvine, CA we have one down here as well as long beach and manhattan beach and pasadena. so depending on where you're at in so cal theres probably one near you. 

That rock solid $8 Million, recently rehabbed, fully leased, Manhattan SFR that you only need 50% of LTV, when you have done 30 flips before and your credit score is 850 and you can give the HML what he considers ample time to do due process, underwrite and close, will give you a heck of a lot more chance of said HML exercising his (or his CEO's) discretion...... than when you are barely scraping the minimum $75K loan size, have no experience, the property is in Nowhereville (Population 3.), you have a credit score of 420 with a recent foreclosure, you demand the money in small unmarked bills in 48 hours, will complain over every fee, point and percent including spending hours on the phone arguing that the lender has to pay the appraiser and why should you provide any docs whatsoever, and by the way you can't speak now because you are busy running narcotics across the border at the moment on the run from the military, and the lender can just tell that you are the horror customer that will take up weeks of his time and grey the last remaining follicle on his head all for a massive $1.95 of personal commission.;) 

People are fleeing Manhattan and buying in the suburbs of LI, NJ, and PA. 

Manhattan has a lot more ground leases than say Dallas.

It seems that this doesn't stop people from renting them IF they are within close proximity of GB/PF/SVR.

Seems like many PMs around PF charge 20% of gross.

By comparison, some of our markets have far less activity options compared to Gatlinburg/Sevierville/PF (such as water parks), especially if you're far away from Asheville.

This attracted young upstarts who could not afford Manhattan level rents and middle class families.