I am by no means an expert or even a veteran in real estate, but I have been on BP for a while and can’t help noticing that more and more people are coming on the board with a question like “I have decided to get into this business.

Sincerely appreciate your expert advice.

I am sure we have experts on BP who have this same situation and looking for your point of view.Looking for expert advice on potential down the road issues like finding quality tenant, maintenance, costs?

@Jason MercheyYes, cap rates are very low and appear to be going even lower.Given the current economic and financial environment, I would say 13% IRR LP returns is a reasonable target to aim for MF acquisitions made in 2021 and 2022.

Pros: Low cost of entryHigh demand for rentalsRelatively High Cap RatesStrong economic drivers, and set to benefit from more remote workers No hurricanes/ Good football team.

Likely it was what was needed to stay within budget balancing projection constraints, no economic rationale or magic just a make it fit approach.

Inflation - I am not a macroeconomic expert, but this one seems clear at this point.

@John Hamm makes sense...always good to connect with a local market expert.

Your experience makes you the expert in your network, and people may be willing to take a flyer on you with cash they have lying around and no idea how to invest it in real estate.

No economic theory, and no policy works perfectly in isolation.