If millennials prefer to rent, areas that have a higher concentration of millennials would have a more competitive rental market and a less competitive purchase market.

Do you know the rating and concentrations of the underlying assets, and who the sponsors were?

Should be concentrating on 30-40% LTV handy-man specials for rehabbers?

If you don't love what you do, naturally a sane person will give up when times get really tough.I studied business as an undergrad and got my MBA with a real estate concentration even though I was in a completely different industry at the time.

I've been really tempted to get into the MFR arena, but it seems like Vegas is heavily concentrated with SFHs.  

I think the biggerpockets meetup would be more concentrated on BP blogs and content.

Gary suggested that if you need to increase net operating income (NOI), consider raising the rent by $15 for the unit type performing exceptionally well.Increasing Occupancy: In cases where increasing occupancy is the priority, Gary suggested concentrating on the unit type with the highest vacancy rate.

If these are 19 pads that have been rented for 15 years, that is pretty good if any majority concentration of those 19 pads has a good long term rent to it, you are doing pretty good.You will want to look at the rent roll and get an idea of what sort of non payment or late payment risk you are getting into as well.

Not all states require this mind you but many do.. and I see many non licensed companies advertising they will do fix and flip in Oregon and I know they are not licensed to do so but they still advertise they will lend here.So licencing... is one.. web site is another if the info current etc.. but if I was looking for money in a certain market I would concentrate on locals... and start there .. you can atleast meet with them.In the day I was lending I was the largest HML in Mississippi of all places but my offices were in Oregon.. so I can see how someone would wonder what the heck I was doing there..

My success rate increased once I stopped trying to market to every group I could and concentrated on 3 groups, absentee owners, probate & inherited properties.