Now take all the other institutions and that is contributing to the problem.

The decline comes as this year’s relatively cool housing and rental markets makes investing in homes less attractive than it was during the pandemic-driven homebuying frenzy of 2021 and early 2022, when record numbers of AirBnB were purchased as hotel and lodging surrogates (Redfin defines an investor as any institution or business that purchases residential real estate).The drop in purchases has brought the total number of homes bought by investors below pre-pandemic levels, which is a major concern for a market where investors remained the last remaining support pillar now that most average Americans seeking to buy their first home are simply unable to afford it and are stuck renting indefinitely.Real estate investors bought roughly 50,000 U.S. homes in the second quarter, the fewest of any second quarter in seven years, with the exception of the start of the pandemic."

I also had read somewhere that Zillow was likely going to off load to institutional buyers, so at least for the SFH market, we weren't really going to see the price adjustments immediately.

“Financing” does not specify institutional money; I have owners carry mortgages for me whenever I can find it.

When Covid-19 hit and demand for suburban rentals shot up, they ramped up their purchasing with billions of dollars from institutional investors seeking investment income.

It will simply allow banks and financial institutions at risk of failing to take some of your deposits to bail themselves out.

Institutional investors are adults playing kickball with the kids. 

(b) For a class B felony, by confinement in a state correctional institution for a term of ten years, or by a fine in an amount fixed by the court of twenty thousand dollars, or by both such confinement and fine;

That could come from any of the sources listed and purely will come down to the individual institutions you are shopping from.

Once you get above 10 units or the ~$1.5M range, there are a lot of experienced and more "institutional" MF players there and competition is very fierce.