The PM acts in the LL's stead and should not be confusing the lines of distinction. 

I made a CLEAR distinction how JUST the city of Detroit being 1/10th of the ENTIRE Twin Cities market, Detroit had MORE sale and rental listings than a market 10X it's size.

Last spring the vacancy rate in that market segment was 12%. 

Multi-Family can mean more than a single family but is not really a distinction of where commercial and residential lines are drawn.

@Jaron Walling Perhaps the distinction to be made is between hard money/private money and to which @Angelica M Garzon is speaking. 

What would be the best way of:a)  Purchasing a property for $100Kb)  Purchasing a note for $100Kc)  Buying a property to flip for $75K and put $25K into repairsCan I use personal and 401K funds in the same investment as long as there is a clear distinction between the two?  

He depicted the area of multifamily real estate being the only segment he didn't get his butt handed to him in the in the financial crisis of 2007-2008. 

I only took two economics classes in college but I distinctly remember learning that supply was a driver of price. 

You not only have to have a great grasp on the market you invest in, but you have to work harder to find the best deals, because investors who live the market have a distinct advantage.I haven't had trouble finding cashflowing properties in my market, but several of my properties have come from word-of-mouth or other mediums for obtaining properties outside of using the MLS. 

Uh-huh, I remember your distinctive writing style now.Well you do drive around in that high-end truck, as we discovered last time around the wading pool.