He's a really smart guy when it comes to supply, demand, rent control, and overall investing

The other options you are playing with fire as using a HELOC that is paying interest is essentially buying with 100% financing.Having no skin in the game has always been a high risk strategy and people were able to get away with it the past few years due to the money supply and inflation but I would not use that as the measuring stick.

Oil, minerals, you name it they have it in VAST supply. 

This was so important to our business that we covered the cost of these consumable kitchen supplies for all our owners.

I think this is the strongest example I’ve seen illustrating what I mean by that statement.A sponsor that has a strong brand to protect (meaning not only are they well known, but have a positive track record and a long time in business) will go to the end of the earth to protect their investor’s interest.  

One of the reasons there is short supply of housing is because guy bought a 5 bedroom in 1980 and he is paying $1000 a year for it.  

When the biggest buyer in the market is gone, supply balloons and rates have to go up to bring in buyers.

How do you handle contractor schedules and supply chain slowdowns?

They just keep saying they’re having supply issues.

Also, keep in mind that some areas of the country that have lower-cost properties have a limited supply of property managers.