@Manichandra SajjanapuMy reference to a bedroom not being a truly dedicated one was meant more generally; whenever a bedroom is without a closet, utilizes a powder or guest bathroom, or doesn't have a door (many lofts and bonus rooms fit in this category), prospective tenants and buyers tend to discount the benefit of that room - including using it for guests. 

Hotshot roach powder .

You want to have dry powder available for purchasing better deals in the future (higher returns and less risk), not lower priced deals in the current market (lower returns and higher risk).

With that said, I was up at Copper 2 weeks ago to catch that foot of powder that fell on Friday, and on the way home stopped in Frisco for coffee.

We are about 30% leveraged, so still have a lot of powder in the barrel, just nothing good to buy right now.  

It is what allows you to adjust rents and deal with dried up credit other places and actual devaluation of your property in a correction.And it is also expansion,  the powder you keep dry that allows you to anticipate and be ready for the next opportunity that is multiples better than what you can see today. 

If you're uncomfortable with the numbers, keep your powder dry and wait for your opportunity.

You may have SEC-compliance considerations depending on how you're offering the investment.By the law of large numbers, if you go to enough investors, you'll find enough dry powder to fill your deal.

Another possibility is the powder "carpet fresh" stuff that people sprinkle on and the vacuum up.

With the recent Newark water problems, I would keep your powder dry for a bit.