I don't know if they are the former owners or renters and how they might react to "the new owner" in person.   

The solution of course is to get large enough to react and respond.

As a native Brooklynite I park my money in the Mid-West as the Brooklyn market will require,(in my opinion) a minimum 350k liquid to get started.  

I am a native of Springfield and currently own a 3-family there.

I am a native New Englander and small time investor with some successes and failures. 

none of you guys are going to wait and see how the housing market reacts to the oil layoffs and higher interest rates?

Later, with additional projects, you should be able to pay far less in interest as your track record builds.Success in raising money will depend on how the prospective investors react to you, and what they and the people they pay to say "No" see in your executive summary.

It will be interesting to see how the hedge funds continue to react as there are fewer and fewer pension funds out there in the private sector.

Or if you want a native yinzers take on all of em, hit me up.  

I don't think it's fair to draw the conclusion that there is no value in the university system as a whole because it's not churning out high wage earners.My husband is a native of Ireland, and was educated at an English university.