Higher turn over ratio than expected with class D level properties.

@Bruce Park I don’t think business travelers would want to be in a shared space type of environment.

And the 1031 exchange is one way of doing that by letting you position your portfolio in location, class, property sector, and price to sustain a correction.Here's another way of looking at it. 

this is def the asset class I'd like to start in!

That's crazy, your PMC must be a Class A company employing engineers to paint and doctors to clean!!!!

Without going into too much detail, the syndicator listed it like this (two options):--Class A income investors: 10% Preferred return / CoC (no upside)--Class B growth investors 7% pref; 8.2% CoC; 20% AAR; 16.5 IRR(5 year hold target)

That is, what are similar type, size, age, class, properties selling for within a 3 miles radius?

We own B/C class houses and stabilize them after we purchase.

However each asset class require a learning curve. 

Still curious to know what people's investment experiences have been in this environment.