:)He's getting ready to sell the brokerage staffed by completely committed team players.

they can only buy so much even with all their $. my personal opinion is only 10% of the market is affected by them. they also overpay so no way I'm going with that.they will sell when the market comes back so it won't have a terrible affect on real estate.the key is not to compete with their current purchase prices. it's insane.

You are competing with other hotels in your area.

So I personally compete just fine and make great returns.

Reason being, they are some of the biggest players down there anyway and if anyone can get inventory, they can.

Trying to understand the relative position of the players: banks, loan servicers, FNMA/FHLMC, trustees for MBS/ABS, hedge funds or distressed asset funds, note trading platforms, brokers, etc.

Also if something serious does happens and you find yourself in court, you will find out that attorneys are trained to pierce corporate vale.As always check with a competent attorney if it makes sense for your situation.

I plan on putting in a coin op laundry and rent out additional storage space.I don't know if I can directly compete with these apartments, but if i can come some what close (900) then I should be profitable.

Build your base of the key players (manager, contractor, CPA, attorney) in your target area and you can grow from there.J Scott, good idea, since I normally move to my markets, it would probably help a lot if I scouted through the local REIA's before I show up and then build my experience once I'm there, attending when it makes sense to.

Both were very competent and I'm confident either would have done a great job.