Obviously, in terms of the "Big Picture" there has been a crisis of secondary market confidence with regard to the enormous increase in borrower delinquencies and pending or actual forecclosures which has led to a major culling of the ranks of wholesale mortgage lenders... now probably close to 125 lenders who have closed up shop within the past 5-6 months.Actually, many of those lenders were little more than "Super Brokers" in that they relied upon warehouse credit lines or correspondent relationships with "Big Brother' lenders.It's somewhat analagous to our belief in the notion that a $100 bill is actually worth $100.

Do laws protect the tenants differently than a normal landlord/tenant relationship would?

I'm looking to continue to invest in this area and I want to establish a relationship with a good lender.

I guess that depends on whom you talk to.I have been involved with Condo Hotel for many years; In business relationships with companies that manage them, and also as a unit owner and investor.

Just to verify, though, it's my understanding that the group of investors you have developed relationships with already have established access to their own cash or financing.

Historic revitalization part of town that exploded approx 5-10 years ago.

However, historically it takes 8-10 years for inflation adjusted prices to reach their previous highs.While I agree with you that we won't recognize the bottom until after it has occurred, we certainly are not there yet - not even close.Mike

I understand that William has been on this site longer than I and you have some kind of relationship built but I assumed that here everyone would be receptive as you all are real estate investors and can appreciate that everyone has some knowledge to share.

It's all based on banking relationships in the end.They know your tax returns aren't wonderful...even if you have no debt except mortgage debt.

Historically, housing prices have risen at about the rate of inflation.