Additionally I tend to get first looks from developers, direct owners, and other brokerages before stuff is listed because they know me and that I screen buyers and make sure they have the ability to purchase and are not flakes and time wasters.  

Additionally, they typically demand the highest rent with little or no deferred maintenance issues.Class BThese properties are one step down from Class A and are generally older, tend to have lower income tenants, and may or may not be professionally managed.

Hope this additional insight helps you in making your decision. 

With that kind of acquisition strategy, it might benefit to utilized a delayed purchase because most lenders struggle to underwrite deals in the span it takes for the auction to close.If you do it delayed, you can stay mostly liquid, then follow up the purchase with essentially a cash out refinance of the purchase price with rehab funds being put into an escrow account as well.Would be happy to explain further, but my clients that operate that way tend to prefer that method to keep getting their cash tied up too much. please explain further sounds phenomenal Jacolby,You purchase 100% in cash, then you do a refinance of the purchase price (usually about 80-85%) and treat it like you would if you were 'purchasing' the property again (so downside is additional closing costs) and add the rehab escrow to reimburse for the rehab being done.

The accounting aspect is a an additional thought I hadn't heard before.I know some people have used this strategy in an attempt to avoid triggering a re-evaluation of property taxes.  

I believe the future is to hold them and sell them later on contract to allow yourself to have the additional cash flow without the huge gains

The additional time to close will more than pay for itself in the long run! 

Because there are a lot of sponsors with experience (which varies) who are in the middle of capital calls, raising pref equity or just walking away from deals or losing deals.

Going to be tough to find a cash out at 80% and if you do I would be cautious about additional/potential hidden fees.

So... you can certainly be 'RIGHT' and still be a horrible investor making nonsensical arbitraty decisions or you can just be an investor and look at if from that standpoint - sure, you can decide to nickel and dime for additional Tenants and you would be even more justified if you are paying Tenant utilities (if this is the case).