I've closed $20MM in 6 months as an operator, and the nonsense is just that - nonsense.Having said this, I am seeing deals being shopped, and in my opinion, it is very much a stretch to assume that because a deal is shopped by an experienced syndicator it is good.There are two sides to this coin.

They say within 10% but I stretch that a bit.

If you are north of Boston you might be better off in New Hampshire but Providence and points in northern RI should not be a stretch for you.

Leveraging is great, just make sure you aren't stretching yourself too thin.

After sleeping on the deal I reran the numbers on rent comparables for the area and I think it would be a stretch to get $2,850 gross rents.  

It's not easy to compete with people who do their own grunt-work and can stretch their margins that way.

You may be able to get a better rate and consolidate some debts into this without stretching the loan term out as much. 

If you can stretch your budget a bit more and depending on the current age of your roof, a new one could absolutely catch you a nice return in your appraisal.

AND I'M NO UNICORN, not by any stretch of the imagination.

I am most concerned about the young investors just getting going - the people stretching to make a deal work and those who have leveraged up to 100% with LOCs and other means to aquire more property.