Sponsor is relatively "hands-on" with a concentrated pool of investments. - Concentrated investment thesis and focus: I am paying a sponsor high fees relative to a REIT for concentrated expertise in a narrow niche.

Right now the demand from tenants is concentrated at the higher end of the market, but I agree eventually it'll be fairly ubiquitous.

You are on site or very hands on, manage a small number of concentrated bets, are investing alongside me, and your day job is 100% focused on ensuring a great return for me.That's the lesson.

One last word of advice - watch your concentration risk.

But they will allocate their proceeds so that equity is concentrated in one of the replacement properties. 

This can be a great way to concentrate your equity in order to be able to make a later cash out refinance as powerful as possible. 

The best way to have a reliable tenant in your property is to:Buy a property that attracts a tenant segment with a high concentration of reliable people.Work with a property manager who can consistently select reliable tenants.

Most of that is concentrated around the metro areas - Indianapolis, Ft Wayne, upper northwest corner.

If that's the case, then your next best bet is really concentrate on your studies.

But as I stated, I want to aggressively pay down the loan so not looking to cash out ReFi or DSCR and just concentrate on clearing it.