4) Similar break out of attic, roof, sophist, etc.As always, pictures are worth a thousand words.

I’m guessing you believe the casino coming online will be a good thing?

Some investments, including DSTs, are only available to financially sophisticated investors - the specifics are well-defined by the SEC, but include people with high net worth.  

Roofstock keeps refining their business model and it should become more and more sophisticated over time.

More sophistication, less emotion, more market awareness2.

The location is awesome though for the Navy and Air Force presence that is 5 min away (NRL, Bolling AFB) and of course the MGM Casino + National Harbor. 

A 9% rate, with say 2 points, would USUALLY apply to a 50% LTV loan with a 20% capital contribution from the borrowerI would think that to interest a SOPHISTICATED lender with 80%+ LTV and no down payment, one would be looking at 18% interest, if he can get the deal done at all.Borrowing to finance a real estate deal creates a new note, which significantly differs from a SEASONED note and from a NON PERFORMING note.  

It is very complicated for less than sophisticated tenants so for us to spend hours trying to educate (argue with?)

-Hotel Brokers - Hotel brokers are generally not under the big name brokers, there are a handful of specialty brokerage firms that just handle hotels, motels, casinos.  

They all just wanted to know how much they could get for their property.I’m sure distressed multi-family owners are out there when the market’s hot, but obviously they will be much farther and fewer between than distressed SFR owners, both because there are so many more SFR owners and because multi-family owners, in general, are more sophisticated real estate-wise than SFR owners, most of whom aren’t investors at all.Maybe I didn’t spend enough on marketing or didn’t know what I was doing or how to negotiate, but that was just my experience.