My thoughts & observations:1.

There are normally 3-4 threads on this subject running at all times here on BP.Those that extol the virtues of raising private money will be shouting from the rooftops that (a) they told us so and (b) now is the time to be raising PM, because the traditional bank debt avenues are going to dry up for a spell.  

Dallas, California) that say they do find 9 CAPS as they presumably know their markets much much better then I do from a distance but just observe the deals that make it to the public market (e.g.

Another interesting observation is that the more expensive the property, the more people seem to be open to it.  

He has some very good observations but his conclusions haven't panned out so well. 

Thanks Victor, I live off the Tokaido line, I have observed the same thing, but wanted other peoples input.

She may be observant.

Thanks for the observations Joel.

I found it very helpful, though I confess that I am now a bit more overwhelmed and intimidated about real estate investing than I was before (no longer as starry-eyed, I suppose).One observation I did make, however, is that there are rather a lot of word omissions and other "typo" sorts of errors throughout the text. 

Mathematically speaking this is completely incorrect- and a rather humorous observation was made by Joe.