What factors come in to play first!

., you should take that as a sign that there's already a market, and given the overall size of the opportunity, there's plenty of room for others to play. 

I am not an accountant, nor do I play on on TV but I do pay for one.  

.), go to top sub-market in those markets, stay in class C/B- because people will always need a place to live, run sensitivity analysis on interest rates, caps, rent rates, etc. to make sure DSCR stays above 1.25 for refinance purposes and Return on Equity meets minimum requirements, and some may say keep hold periods to minimum (grab value and get out).I'm sure there are posts about tech/start-up bubble, but it will be interesting to see how that plays out, and how a bust might affect national economy.As always, keep diversified.

As someone from California I have been trying to play this idea out in my head and get down to the logistic details on how this would play out.

Let's face it, selling real estate is a pay to play game. 

Since the blunt instrument of the securities laws cannot play favorites for real estate this makes most offerings of any size intractable using this exemptionQuality sponsors are still using item 1 above.  

To my fellow 2017 attendees, Play above the line.

There are times to stand and fight and other times to play nice.

We have been collecting info from Zillow (one at a time, YUCK)  But its giving us an idea and we can then play with the numbers in Excel.