That said it's still a healthy market but for those investors looking for two to three year ago prices (and I include myself there) we're going to need to readjust expectations. 

The house is somewhat more likely to sell at auction now, since by auction time it will be a good-looking,  income-producing rental asset with stable tenants rather than an vermin-infested trash heap occupied by unstable addicts. 

I've listened to a healthy amount of the podcasts so far and have set up my keyword notifications.

Looking at LP+Promote level performance indicators might be an interesting exercise, but it doesn't produce much value to me because I'm not doing it to compare one investment option versus another, I'd be doing it just to see how high my IRR or multiple is. 

That's why rental properties make a great business, you don't need to stop doing your other income producing activities to get started.

Many people in their 70’s live a very healthy 10-20 more years . 

I'm currently thinking about going to work for a builder... still not my dream but it produces income.

Rarely are a history of rent deposits ever produced in a single family deal. 

$50k loans are tough, they are so tiny, most of the bankers won’t touch them so that leaves you with few options .... that’s the downside of small loans, no medium-top producers will take them, that leaves you with begginers or opportunists ... 

Neither of our businesses produces much income after deduction of expenses.