Balance sheet and depository relationships (some banks requiring upwards 10% of loan amount) are being prioritized over merits of the deal/collateral.

On the other hand, a good passive investor hires sponsors who have years more experience than they can ever hope to achieve.So again, this is why I feel a balanced portfolio needs to have both types. 

@Anthony ZottoThe election's impact on small multifamily real estate will depend on the balance between policies supporting housing affordability and broader economic changes affecting investor costs.

If you expect a large tax balance this is why people rush to get it into services ASAPEdit: To also add if the taxpayer qualifies for the "STR loophole" as some call it, even if they don't have much rental income, they could use the losses produced by that STR to offset other income.

Now, of course there are deals out there that can be had but personally, I am 100% OK with my money in the markets and keeping a balanced portfolio while I wait for the opportune time to acquire more real estate.

If you’re short on experience or financials, bringing in a sponsor with a strong balance sheet and track record can make all the difference.

What does it mean when I see a mortgage and debt balance and public record balance compared to estimated value??????

Just like a junior mortgage, the senior gets priority and remaining balance would then go down the order of priority.hope this makes sense.Note; I recommend reviewing this with an attorney as well as I am not one. 

@Brody Veilleux what balance are you looking for between Class A/B/C/D properties and ROI?

Getting the deduction when abandoned or at the time of updating those asset classes and also getting the assets off the balance sheet to avoid future gain from sale price allocation.