Me and a few others are concentrating on cleaning that up.

I scaled to 350 SFR's  then sold out to a partner 4 years ago and a portion also to a hedgefund ( our Atlanta inventory) we took profit.. and then I took profit.. now concentrating on Debt side only.

"For most people, for which the industry standards are used, all of the mold spore concentrations in both locations were low and very safe." 

Account ClosedIf I had to start today with $40k and making $30k/Yr in Commercial RE Management without family obligations, I would concentrate on networking with exactly the same people you are asking to comment here.The people who will wind up still being $ Millionaires after this Crisis and who may have also survived the previous crisis such as the GFC and 9/11 will probably have the best advice for you in your circumstances.Building up trust and a network of really skilled people as well as continuing your Education is going to be huge for you.What you will need to do is leverage what you bring to the Table.The $40k helps, but I believe your knowledge and experience in Commercial RE will probably be a big plus for a high caliber Mentor.There's an old saying, Your Net Worth = Your Network.

In the region, I'm more concentrated on Mexico, which I believe has even more potential, as confirmed with my pals who work at Airbnb.

If the numbers are crushing and there's little chance STRs will be regulated out, concentrate in one area.

A buttload of kids in a concentrated area seems plausible.  

We don’t compete in the residential note market, preferring to concentrate on commercial real estate notes.

You are looking at aging populations, housing stock built largely before 1970, similar demographics with concentrated poverty in most of the urban core and money in the 2nd ring burbs.

Loans are not just based on a borrower at an LTV and hardly do borrowers qualify for multiple loans without looking at experience, management, personal assets and having larger equity holdings as the number of loans increases.The size of your lender will determine where their loan concentrations will be and it's not public knowledge, you won't know until you are told they can't help you on any more and suggest another lender.