But once the trend gains momentum and there are new restaurants opening up the positive dynamic in the housing market will increase.

@Darren Sager just joined EXP and probably has more positive things to say about them than me, for a different perspective.

Deals are getting tight in this market and having a good deal could set you up to be in a favorable position to partner or you could wholesale for some quick cash and that could get you to doing your own deal. 

If they don’t have a positive answer, ask “How long have you lived in the house?”

Then you’d have a brand new building that is cash flow positive (even if it’s a small amount), 20-30% equity (that’s a lot of equity on a million!)

Just being realistic, maybe you can position yourself to purchase them from the children.

there are a lot of companies that specialize in rehabbing and re position MFR.. they are not just coined turn key or in the turn key space as that term seems to be used for SFR's

I think he would have to be 2nd lien position on the property and the bank would be have to be first.

We have an extremely diverse array of positive economic drivers that yield stability AND growth, and virtually no permits to build units that rent from $650-$1000/mo.... keep in mind, we're still able to find 7 and 8 caps, with value add potential due to below market rents. 

Especially since they are performing first position notes with low LTV.