They all just wanted to know how much they could get for their property.I'm sure distressed multi-family owners are out there when the market's hot, but obviously they will be much farther and fewer between than distressed SFR owners, both because there are so many more SFR owners and because multi-family owners, in general, are more sophisticated real estate-wise than SFR owners, most of whom aren't investors at all.Maybe I didn't spend enough on marketing or didn't know what I was doing or how to negotiate, but that was just my experience.  

Sorry this got long, but I hope it gives you a sense of where you should aim as you go from noob to sophisticated (if you choose to do so). 

This early only because we've already prudently been locked down for a while and we'll see that other areas and countries were able to get through it.Nationally, I think the perception that business and life are riskier than we thought adds a risk premium to just about all investments for a while. 

Im not a very sophisticated investor like many in this group, but i just keep it simple does the rent cover my expenses and someday the tenants will pay this place off for me. 

Many investors neglect to follow corporate formalities and their LLC is deemed to offer no protection.A more sophisticated setup is a holding company in a state like Wyoming, which controls all the subsidiary LLC's.

Meaning if they can prove a sophisticated party has essentially outsmarted a non-sohisticated party in order to sign a contract or do business with that person then they can void the contract or agreement.  

But, if you employ the same accounting principles as an individual, much of the questionable expense matters go away as well.A bigger plus is to marketing, if you advertise as ABC Properties, LLC, the public perception is different than advertising as Mom and Pop.

When I was working for a fortune 200 company selling very sophisticated computers to Hanford, Boeing and the military I had a co-worker who was a reserve Marine officer.

All MF participants should be sophisticated about how it all works.  

What you are doing is much more sophisticated than flipping houses.