Your observation is spot...and the composition of IRR is important to many LPs and to the risk in the opportunity."

Basically, it comes down to the fact does the deal support the additional cost in equity, and is the deal good enough to the other LPs to do so.

You could put 50k-100k in alongside your LPs, and still have money left (maybe for risk capital, or another deal).

These high-wage jobs stimulate growth for surrounding metro areas and lower- income residents which mattered to us because we were investing in workforce housing outside of the downturn, urban core.At 12.8% growth, Denver had the 3rd fastest growing population of young adults (18-34) in the country between 2010-2015 -- over 8 points above the national average(Brookings)The number of college-educated 25-34-year-olds in Denver increased from 163,000 in 2000 to 240,000 in 2012, a 46.6% increase (source: The Young and Restless and the Nation’s Cities).Out of the 51 largest metros studied, this percentage increase trailed only Houston, San Antonio, Oklahoma City, Nashville, Salt Lake Vity, and Las Vegas over the same period.Out of the top 15 metros with the largest populations of college-educated 25-34-year-olds,Denver’s growth rate was second behind only Houston at 49.8% — 17.5% above the national averageWith 240,000 college-educated 25-34-year-olds, Denver ranks 11th out of the top 51 largest Metros for total population.Denver has 4 of the top 20 zip codes with the Highest Increase in Millennial Populations in the US (source: Rent Cafe)I hope this helps shed some light on the impressive growth that Denver, and cities with similar fundamentals, have experienced in recent years.

It will be interesting to see what the Government does just stimulate the economy.  

Its almost like... someone planned to need to stimulate the economy...

This is the Fed’s attempt to stimulate the economy and put a stop to the cycle described above (and in this case, out of necessity to keep people alive).In a perfect world, we should be attempting to print precisely the amount of money that is lost through the disappearance of credit and consumer confidence to keep demand stable.

If you take any gains the gov wants a cut you’re going to pay tax unless you use that 1031 to stimulate the economy and buy another property.

The Fed will buy $20 billion in Treasurys this week and up to $22.5 billion in MBSs to stimulate the economy.

As it turns out, the virus stimulated what I call a syndrome akin to the post-911 mentality.