I've listed the county loan limit for each base and unit size, as well as nearby universities.-1- Hurlburt Air Force Base, Okaloosa County, FLAvg Price - $322,000Loan Limit1 Unit - $370,3002 Unit - $474,0503 Unit - $573,0004 Unit - $712,100Colleges & Universities NearbyUniversity of FloridaOkaloosa Technical CollegeUniversity of West FloridaTroy State University-Florida RegionNorthwest Florida State CollegeSilver Sands School -2- Fort Bragg Air Force Base, Cumberland County, NC Avg Price - $165,000Loan Limit1 Unit - $314,8272 Unit - $403,1253 Unit - $487,2504 Unit - $605,525Colleges & Universities Nearby Methodist UniversityFayetteville State UniversityFayetteville Technical Community CollegeTroy UniversityShaw UniversityUniversity of PhoenixGrace College of DivinityCampbell University-3- Cannon Air Force Base, Curry County, NM Avg Price - $160,000Loan Limit1 Unit - $314,8272 Unit - $403,1253 Unit - $487,2504 Unit - $605,525Colleges & Universities Nearby Eastern New Mexico UniversityClovis Community CollegeNew Mexico State UniversityMesalands Community CollegeEmbry-Riddle Aeronautical UniversityWayland Baptist UniversityWayland Baptist University-4- Beale Air Force Base, Yuba County, CA (expensive)Avg Price - $282,000Loan Limit1 Unit - $324,3002 Unit - $415,1503 Unit - $501,8004 Unit - $623,650Colleges & Universities Nearby California State University - ChicoSierra CollegeYuba CollegeWilliam Jessup UniversityBrandman UniversityButte-Glenn Community College DistrictCambridge Junior CollegeBrandman University-5- Hickam Air Force Base, Honolulu County, HI (expensive)Avg Price - $565,000Loan Limit1 Unit - $721,0502 Unit - $923,0503 Unit - $1,115,8004 Unit - $1,386,650Colleges & Universities Nearby Brigham Young University-HawaiiUniversity of Hawaiʻi - West OʻahuHawaii Pacific University - Hawaii Loa CampusUniversity of Hawaii at MānoaLeeward Community CollegeUniversity of Phoenix Hawaii CampusHawaii Tokai International CollegeWayland Baptist UniversityWindward Community CollegeHonolulu Community College-6- Langley Air Force Base, Fairfax County, VA (not interested)Avg Price - $768,000Loan Limit1 Unit - $726,5252 Unit - $930,3003 Unit - $1,124,4754 Unit - $1,397,400Colleges & Universities Nearby George Mason UniversityVirginia International UniversityGlobe GMUStratford UniversitySanford-Brown CollegeUniversity of North AmericaNorthern Virginia Community CollegeMy Advice: At first glance it appears that all 6 areas would be great for rentals becuase of the high concentration of colleges.

Location, number of bedrooms, baths, size of house, two story/one story, amenities,etc.  

What size multi-family homes are you interested in and do you have an idea of what part of Cincinnati you're looking in?

I'm too am new to the financing portion of REI but to answer your question the primary difference between hard money and private money is that private money tends to come from people you know while hard money comes from people who you do not know, but who are not banks. 

Re just a 1031 exchange and through a brief phone conversation with an RE attorney, I was advised that I could take a percentage of the profit for personal use and be taxed on that portion, while leaving the rest in the 1031 for purchase of similar income property. 

Is there any difference in the frequency or extent of the problem within different types of property or based on their size or their floor plans or their geographic locations?

What are you going to do when they say they want it prorated and want reimbursed for the portion not filled when they move out? 

It also may be they're just at the size of deal where they're too big for small developers but too small for larger developers. 

There should be an origination or credit portion of the file which was used to give and make the loan.  

A hundred years ago, most homesteads were quarter sections (160 acres) but frequently only a portion of that (perhaps 80 - 100 acres) was available for planting (the rest being consumed by ditches, sloughs, bluffs/shelter belts, farmyard and pasture).