HUD's been out of the business of funding landlords with money for decades. that's one of the areas where the training comes in: influencing landlords and aspiring 'vendors' to learn how to form the state, county, city, community, private & corporate/institutional partnerships that lead to a HUD Sec. 8 grant award becoming available as a "program". if you for instance want to charge elderly tenants $ 2,400 a month for a two bedroom dwelling you can propose that criteria within your Sec. 8 grant proposal as a 'program' vendor. a lot of military veterans that are mildly disabled have allowances for that target range of rent with a live-in home care attendant, or home health aid assistant. most well known regional markets have 5+ year Sec. 8 waiting lists of very desirable tenants that you can cherry pick to your heart's content, featuring all manor of financial circumstance. they range from homeless to affluent with interim insolvency due to quite practical reasons. divorce is a very prominent scenario. a growing wave of real estate heirs are among those Sec. 8 waiting lists in more and more strategic regions. you may find that interacting with more recently credentialed occupancy certification specialists can better acquaint you with the actual yield(s) that would be available from the wide unrelated contributors to a potential Sec. 8, or locally subsidized program military bases also circulate routine information on what certain types of housing is worth to their ongoing efforts for key time intervals. their veteran G.

Institutional $ yes, but not from Hard money; I'd be questioning their motives of having a product like that. 

Here are a few reasons why.China just cut its discount rate again.Japan and Australia are cutting.ECB instituted quantitative easing and even the Germans are tacitly going along with it.  

I won't go into my rant on Richard's thread, so:Want to know more about valuations and appraisals, go the the AIA American Institute of Appraisers, read there.

check out institute online - they have a great online program for getting your Illinois license.You only need a license if you want to make a commission buying property or selling.  

I think that is low for class C, as class A in Miami is probably around 5 (lower for institutional).

Wouldn't they have an unlimited line of institutional cash from at 1% and be silently churning deals on their own?

In a fund model the investor makes his money over time and the economics to the managers are in large part directly tied to the return we achieve for our investorsReduced management time / ability to be hands off – we would suggest that for most accredited investors, the amount of time it takes to properly understand and optimize the performance of the business, even if it can be achieved at all from a long distance and without becoming a specialist, is probably better spent on other activitiesBenefit from greater economies of scale than one can achieve with individual purchases – everything from materials purchasing, rehab crews, property management etc.Advantages on debt – specifically: Funds’ debt is non-recourse to investors whereas individuals’ debt is typically fully recourse to their other assets in a worst case scenarioFor many foreign investors debt leverage is not available at all or not on competitive terms, so this is a particular improvement for foreign investorsEnhanced exit scenarios, specifically becoming attractive as an institutional roll-up, with the better potential exit valuation that may drive vs. a one-by-one sale scenarioWe have bought and managed 2000+ homes in a range of markets for institutional investors in the past few years and so definitely bring best-in-class management experience to the venture.

Other good sources to learn are from government sites, legit associations, the American Land Title Association, Fannie Mae, Appraisal Institute and current university materials can be found.

My group invests in larger just under institutional size RE deals.