Also, in a mainstream asset class like value-added multifamily, I see no reason to take a risk on a sponsor that doesn't have full real estate cycle experience and didn't lose money.

I recommend setting up keyword alerts for each area as they are discussed in the forums daily with advertisements posted in the BiggerPockets marketplace hourly.One thing to note when looking at the individual markets, you can make or lose money in any market.

Some buyers really want cash only but usually that just means there's no financing contingency so you will lose your earnest money if you can't close.

Just don’t lose sight of your target.  

Hello,We recently had a family friend lose their home to foreclosure.

Fed has mismanaged money for too ling, dollar index is falling, and they are printing all kinds of money to buy back their own losing bonds.

There is quite a bit of equity in this short sale home which I dread losing especially due to some of the guidance I received from the parties in play (lender/s and realtor). 

I bet you would end up losing ~$800/month on this property.Spend some time learning and analyze a few hundred deals.

Also, a HUD approved tenant doesn't want to lose that certification and you know that portion of the rent will be paid even if the tenant doesn't.

I guess this is in the event we fall back on payments and lose the house..