@Jonathan RobertsWelcome - There's quite an active group from cheyenne here.

May I ask if you have been actively practicing?

Look for a decent deal, maybe a value added play if you can.

Play with the PMT function and other formulas in excel for awhile and you will see why this makes such a difference.

Anyway, if any of you are playing in this space, reach out and let's compare some notes.

@Seth Teel, broker/owner of Somos Real is a top contributor here on BP and very active investor here in San Antonio. 

To obtain financing it can't be larger than 25% of the total community square footage. 10% of the budget to go towards reservesNo active or pending litigation (HOAs like to go after the developer for construction defects)No assessments (ask for the last 12 months of board minutes in your offer.

In my opinion, the best use of your time would be talking with investor-friendly agents and commercial brokers, explaining your criteria and actively following up with them.

So if you can intercept hospital housing staff actIvIty that may be helpful

More points of entry and access ought to result in a more resilient economy, but it can also play the other way - by having so many small operators, each could be loathe to part with his/her money, meaning that the system can freeze up pretty easily because of the lack of well-fortified employers that can absorb economic shock.