Greg S. ...so you are an expert on the Cambridge/Somerville/Boston rental market and the fundamentals that support these rental prices?

Unless I'm having a fundamental misunderstanding of how financing works on larger multifamily properties...?

Referring to a broker as a lender is fundamentally incorrect because the broker is specifically not doing business as a lender; they are not funding the loan and their name is not on the note.   

They may call them by different names in your area, but the concept is the same, you want all documents that are recorded against the parcel of land, that's fundamental to all property. 

I do think the asset class will experience devaluation as buyers price in the economic distress of COVID, but as long as the long term demographic fundamentals remain in place, MFH is setup for success so I wouldn't be fearful of a bear trap.I think an interesting thing to watch is if/how COVID affects any of the demographic trends currently supporting the rise of MFH.

Have you read any books on the fundamentals of real estate?

Intermediate Appellate Court:[16] Finally, the fundamental law prohibits the sale to aliens of residential land.

There are supply and demand fundamentals at play that likely don't exist in most turnkey markets is why.

Have a distinct advantage over those with no fundamental RE knowledge.

this looks like a fundamental scientific research paper!