The fund will take a hit as the cost of doing business, and still keep going.With that said it makes sense to sell some assets (depending on business plan, especially if things haven't worked to expectations), to the institutional player when the market is high ( It would take years to make the money back that is sitting in equity, if we waited for rents to rise and get the cash flow.)

Is it that the Hotel Lobby is counter attacking an HONEST player or is the Player trying to GAME the system?!

There are several big players out there, medium players and smaller players.

As I'm sure you saw while driving through the area, the golf course at the bottom (designed by Gary Player) is pretty decent.

Is less than 6% really an acceptable return when you have so many other players in the mix?

I can do some last minute bid changes based on how the funds bid in the first batch of the auction, if I have bids in the later batches.The big players tend to bid at the same rate throughout the auction.

If it helps, here in lafayette, we really dont have much of an REIA club, so im looking for ways to meet the local players in the area, any ideas everyone?

My name is George Springer (not the baseball player, I wish :)).

Donna,I buy/sell manufactured homes all over Colorado and I am familiar with the players in the Aurora market.

The buyers there tend to be real players because they have to have the cash to settle in 30 days.