I can see new entities being formed, new businesses, pooled investor players acting individually and staying within the guidelines.

Doug, while I agree the market has many new players coming and some going, I would argue this pricing frankly is not new or of a higher level.

This lending/borrowing on notes by small dealers often gets into fractionalized interests as they can't raise capital from one player.

My understanding from talking to some people at the local REIAs is that there are 4 or 5 main players who buy most of the "deals" from the auctions. 

Here are the players and what they bring to the table. 

@Ken LatchersIve read the forums and it looks like we have the same players commenting against these arbitrage posts... understood

Don't let go your hard earned money.2) There is definitely room for a new OTA player but not now.

Your team members need to be team players and know each other.

BiggerPockets is not your typical real estate site where anything goes, but I hope you'll find that because of the way we do things, the entire community benefits, as opposed to just a handful of dominant players who have a powerful marketing machine behind them.Best,Josh

This limits the pool of players to the criteria listed above.