I'm no expert on Multifamily, but I could very easily see a viscous downward cycle forming after the extreme run up in prices and financing:1) Economy does not do as well as it has been.2)People get laid off and/or have their work hours cut.3)Economic and physical vacancies go up.4)"Investors" who bought marginal deals and leveraged too much get into trouble and start to lose their properties.5)Banks get scared and stop issuing new or refinancing existing commercial loans.6)Balloon payments hit with nowhere for owners to go to get reasonable refinancing.

There is plenty of networking time, and often an expert in a real-estate related field to speak (insurance, syndication, flips, wholesales, real estate law, etc).  

Hey Scott, I am an expert in the Cleveland market.

That way you gain lots of credability as the apparent author, and you establish yourself as the go to expert. 

Are you an expert when it comes to short sales?

They have a special guest named Duncan Wierman who's an expert in Real Estate investment Marketing http://bit.ly/1NQe2OQ.

I share this with you and any other person/s as a general and Manufactured Home contractor, manufactured home dealer, real estate broker, developer, investor, property manager and last but not least an EXPERT WITNESS & INDUSTRY EXPERT on cases such as these for the past 20 plus years. 

And I don't like the idea of keeping extra cash sitting in my checking account to cover a (hypothetical) shortfall.So what say the experts : is a "late" payment made in the grace period a bad thing? 

@Daniel PattonThere are many considerations when considering a choice of entity and you should definitely have a discussion with an attorney and a tax professional that are experts in real estate.

Now if only there was a way to use that list to automatically @Mention folks when talking about the Subject Matter: IE:List - BP 1031 Experts (contains 4 names)Conversation starts around 1031's someone comes in and says, HEY!