All of the other “players”… politely walk away and don’t look back.

The institionalized players typically have 100-200 BPS lower rates than standard hard money lending players but they're clunky and have lots of requirements its almost like the instituional HML should be called "hybrid hard money or hybrid bridge money," because of all these requirements.When we're working with those instutionalized players we usually have to do almost as much work as a conventional loan (1-4 fannie, not quite but almost as much).If you'd like to learn more about the different options or get a sounding board on what options are out there feel free to reach out and we can talk shop.

I am going to assume, then it might make sense to go with a major player in the dst's.

However, subsequent increases in interest rates caused a substantial reshuffling, reestablishing New York and Los Angeles as the dominant players.

I do however know a few people that have scaled up STR businesses here, like one friend/client who has 12 and there are some bigger players for sure.

Good Japanese go to San Mateo.

He can't tell me of any other investors in my area and he says they have two brothers:  one a surgeon and the other an NFL from player who have put millions into this. 

Hey @Bailey Brown - I recommend attending a local meetup about REI (not a seminar) as that's where you'll get to brush shoulders with other investors and players in the RE space in your region. 

You can choose bigger players like Vacasa/Evolve to manage.. 3. self manage - save money, but need to deal with everything from marketing to booking  etc Good luck on your journey.

Prior, most syndications were structured as a Tenant In Common (TIC) structure for the 1031 exchange investor.As a result, many of the active DST players are either reinvented from the ashes of that crisis, or entirely new.There are some inherent (unanimous voting by all members to make any decisions) reasons why the TIC was replaced by DSTs, but I’ll save you the history lesson.The most useful lesson coming out of the last recession (and I share your perspective on the cyclical pattern coming around the corner ahead) is how different asset classes faired.You can get that data from public filings from REITs, who have to report far more data and intel than OTC private placement investments.Fast forward to the COVID crisis.