and my clients had to let them go back to the bank.. their PDX held firm did not go up and softened but rents were consistent ...by 2011 those PHX 4 plexs were listed at under 100k each down from 350k  not sure where they are at today..the props they bought from me in PDX held and are right at or exceed the 2005 they paid for them... so its regional.biggest issue with big players was NO lender was making loans in 09  many loans balloons were due.. nightmare scenario.. you can imagine the calls i got as a lender and I could not help them way too big for private money to handle.

Does someone want to be an awesome piano player (for a random example)?

For example, in the book, Mark talks about a guitar player who got fired from his original band.

Just because we're new doesn't mean we can be players in our industry!

Because what once was an area with 70% of the housing stock being 2-4 units it is now less than 50% because developers are converting the 2-4 buildings to SFH and selling them to Cubs and Blackhawks players with kids who want to go to a top rated school.

There is an interconnected group of players there, and I bet you and I  have come across the same names.

Once I was the top player people will WANT to team up with me.

@Will Grabert I can't  speak for all markets in Florida, but here in Destin/Ft Walton Beach, Airbnb was never the biggest player in vacation rentals.

The last podcast with the baseball player earning $1200/mo reminds me of this wealth scenario.

Hopefully it gives some insight into how major players in the game invest in hot markets currently.