Hi Michael, Welcome to BP!  

@Mitch Messer@Al Williamson @James DeRoest @Jd Martin @Michael Noto @Nathan Patterson

Originally posted by @Michael Wentzel:@Chris PurcellI have done this a number of times.

Hey Michael - you can add me to the list too.

Thanks you Michael i really appreciate the welcoming. 

Troy broke some easy numbers for you and Michael kept it at the 30,000 foot to see the big picture.

Thanks Michael!

From my experience, the majority seem to be people in a "transitional" life stage, (i.e. empty nesters, students, newlyweds, just graduated, relocated for job, etc.) as Michael mentioned.Also, as Chad touched on, with the general population having massive student loan debt, general spending debt, or those who are still recouping after the recession, renting allows them the time to build/re-build credit, savings, etc.

my experience is the same as Michael's.

But with the partnership I can see how the other partners would think "money is coming out of my pocket and going into Michael's".