There is sometimes an option also to sell shares to an investor outside of the group or some of the other companies that buy partial shares for properties BUT there is typically language in the partnership agreement having to get additional approvals.Up that way cap rates are more compressed than in warm belt states.   

The truth is that the market run-up and cap-rate compression created exists for everyone who bought early in the cycle.

That is basically correct buy the time they filter down a lot of the margins are compressed The actual mechanics of how some of these note brokers operate and built their business is for them to answer but I suspect it was with good hedge fund , bank,connections and large capital or credit basis I know you can start by soliciting for owner held notes buying at discounts then reselling them,but that is a conversation for those who run the note schools,seminars etc.If you find out a better way I would love to know and am not trying to discourage you 

I've had the place for awhile and he's lived there for awhile but the above issues compressed into 6 months have broken the camel's back (especially the shed: I called the lawyer as soon as I found out).

For example in commercial if for every dollar in your country is worth 2 U.S. dollars plus you have low debt fixed in the 4's and cap rates in the 8's you do not stand to gain by waiting.If your currency devalues and interest rates rise here and cap rates compress you could lose 100 basis points of return by waiting.    

Cap rates compress when there are lots of buyers.Interest rates will have an affect as well. 

Bringing rents closer to market, increasing occupancy and gross rents through a turn around, and at the same time achieving cap rate compression on the asset.

Propane is a petroleum product derived from oil not natural gas so its price moves with the oil prices.In the future there may be compressed natural gas for home heating, but that's not in the immediate future. 

I'm also really curious to see what happens with rates, and how that affects compressed cap rates.  

Now if you are buying at a much higher cap then it doesn't matter as much with the long term debt as you have a bigger spread still.If you are in an asset class where you believe it has the ability to cap rate compress over the next 12 to 24 months then long term debt might not be the answer.