It's the way to get to the punch first when you can recognize the deal before others.

Good due diligence required but there are opportunities.Most of our clients will sell their property and then select from a range of existing product. 

I also have a regular full time 5days/week job on W2 at company X (single office, no secondary/client locations). 

Picked up 3 more A/B Class properties today to sell to our turnkey clients soon.We don't sell the C/D junk like many folks do in Cleveland, Columbus, (and everywhere)....and, therefore, we don't have fake CAP rates that are cute at 13 and instantly disappear when the first D class tenant trashes the place costing $11K to rehab. 

But as long as the “right people” recognize these test as legit legally you should be ok.

I've been salvaging their clients for about a year now.

Oh the glorious fun of full-records loans.It doesn’t hurt that my PM had worked with the bank before (for other clients) that it was a local bank that could drive by the property in question, etc.

A lot of syndications look for value creation through repositioning, professionalize management, etc.Looking specifically at “c” it’s hard to reposition the property if someone else owns part of the property and if you keep the PM it’s still the same management.So maybe it’s an awesome building and you’re buying a conservative yield play with the potential to recognize the “bought it right” equity on exit?

I'm also recommending that all my clients invest in multi units as opposed to SFR's to minimize the impact of vacancy, if that were to happen, given how low most cap rates are these days.

Depending on the property, I like to be present during as many offers as I can, whether for myself or my clients, so as to present the strongest offer possible.