They may have not been worth $1500, but I did find a substantial value in the exercise of researching my market and who the players are.  

@Kevin Fletcher played pro basketball in Europe and I think there was a hockey player as well.

Price point is much higher and so many more professional players too.

Keller as you know hasn't been a large player in the commercial space but they are starting to put a focus on it.

Quite the inspiration on many levels, from building relationships, building your reputation, how all the different players can benefit for each roll etc....On a deal similar to this, what is the typical minimum investment you would be looking for from an investor in a round number?

I am not sure.I do know recently I read an article that Fannie Mae is starting to scale down on funding the apartment loans.They propped up the recovery for years but now CMBS and other players are coming in to do loans again on MF.I know the best rates and loans are reserved for the trophy type properties of size and scale and not the smaller deals in subjective locations.

We have done it numeous times in the pre-bailout era.We have not tried since the RE crash.Most of the banks willing to consider this are the small, local banks; not the large, national players.

Don't hate the game, hate the player!"

doesn't work too well in the Cleveland market due to the horrendous state of the industry players here.

MOST IMPORTANTHaving worked as an asset manager for 2 major REO players; I nor the other 100 asset managers that I worked with, ever looked at the previous mortgage balance.