@Andrew PostellThat's an interesting observation about avoiding HELOC terminology and just looking for a LOC. 

Here's my observations, for urban San Diego at least:1.

I am Canadian and have been observing the market for a bit.

These are certainly not meant to be all-encompassing comments, just some of my observations about the traditional tenants and landlords in the area:1.

I've been to the DR and also a few parts of Mexico, what you're saying definitely seems to line up with what I've observed in those places.

If I were to treat you as an observation and then extrapolate that your views/positions represent a much larger population with the (generally) same values, how important is location and proximity to a Bozeman or city like it?

Even though I didn’t complete a deal on my own, however I did observe many.

There's also another phenomenan and this is more like in "general" observation, especially in CRE, the spread between bank lending and commercial lending is the highest now compare to 2008 era !

Hi Andrey, I invest in Cincinnati OH primarily in apartment building and we buy hotels nationwide.I have been investing since 1999 and since 2006 when we started raising capital from investors, we have never lost investor capital even through the 2008-2009 recession.I agree with your observation.

Just casual observation from my 18 years in the desert.Suburbs such as Chandler, Gilbert, Surprise, Buckeye will have newer homes with fewer problems, but are further out from the center of the city.