@Gary Dubovick - welcome and congrats on joining the conversation so early.

Looking forward to future conversations!

Conversely, when vacancies occur in the residential apartments above, the store at the street level is thriving and revenues can offset a loss in rental revenues.

Again creative financing is financing that does not conform to the traditional approaches you seem to cherish.

. $5K rehab...2 family on 10,000 SF lot; 4 BR/2BA w/ two additional out buildings w/ conversion possibilities.

You could hear a pin drop and anyone's conversation word for word if you were in the house.

Today we got the first confirmation that other asset managers may have finally given up on the rental conversion strategy, following the observed collapse in multi-family housing starts which crashed from 376K to 234K in April (the lowest since last summer), a drop of 142K and the worst monthly drop since 2006 when the housing market had once again peaked and was about to undergo a very serious correction.http://www.zerohedge.com/news/2013-05-16/multifamily-starts-suffer-biggest-monthly-plunge-2006-reo-rent-recovery-deadIn addition to the money-laundering aspect (confirmed previously) and the REO-To-Rent scramble by PE firms and hedge funds (which is now over as PE become active sellers of apartment rental properties), we highlighted the third implicit subsidy to the housing non-recovery:Foreclosure stuffing.

I can add our BP "video bumper" before and after each video, and we could have some great conversation to go along with the video.

Definitely be sure to set up some Keyword Alerts for words like "Seattle" or "Tacoma" so you'll be able to jump into local conversations!

It's great to get into local conversation and meet like-minded people.See you around the site!