So there is demand but there isn’t much speculative foreign money or local cheap debt artificially propping the market.People who have been complaining that there are no opportunities to be found in real estate over the last few years keep looking only in the wrong overpriced markets which, by definition, are subject to a huge potential correction at some point.Sadly, too many investors seem to totally misunderstand the concept of risk and are in for a rude awakening at some point.

I started doing this religiously a year ago, it's opened up so many doors.

Hotels, Restaurants, a huge new development in my town (Salem NH) and "they are getting crushed"  "Theyre regrouping as we speak"This was my awakening, Im on pause.

While the long time players may be fine, I think 'new' people trying to jump in might be in for a rude awakening since as everyone states, you screw up your first deal and you probably used up most of your resources getting that deal.

@Yenisel Avila,This is often almost a religious debate. 

They had recently done a flip in Texas where building standards are very different than Illinois, Chicago in particular, so their frame of reference was rural Texas pricing, which meant they were in for a rude awakening because they weren't going to get the rehab they wanted within their budget. 

You are buying a bed and events venue that will sink or swim based on your ability to self develop local marketing for : weddings, corporate dept getaways, mastermind meetings, anniversaries, birthday parties, religious getaways, sports recruiting events, sales conferences, corporate team building, family reunions, off site tailgate parties,etc.

We knew the party had to end one day but, the awakening was rude nonethelessFor the past 10 years, Multifamily real estate has been a shining star.

That is a religious theory and yet is presented as proven science that is never to be questioned to these people. 

And that doesn't take into account other govt. assistance and religious charities that help people stay in housing when they experience job loss.Add in the lowered costs of not driving to work and eating out (as pretty much most of the country does for at least one and in some cases all three meals a day) and he may be better off financially than when working.Before you forgive rent, get documentation that he has applied for and been denied these benefits.