This is the pond that the big players fish in.

Now, you're hoping that just because you showed up here, everyone is automatically going to give you their best contacts - so your first investment is smooth sailing.That's unlikely to happen.All the experienced players here, have put in a lot of resources building their teams.

Cost segregation and bonus depreciation are real game-changers—not just for the big players, but even for small-to-mid-size multifamily owners who want to accelerate their returns.Also agree 100% that RE Professional status is where the magic really happens.

Major players like Cortland, Equity Residential, and JLL are adopting this AI use to streamline operations and improve customer service. 

But the greed monster always ultimately consumes itself, new players emerge, and the game resets, albeit often in a different form.

I'm quite familiar with most of the PM's/players in Detroit and can give you the good, bad, and ugly.

But what I’m noticing is that same early-stage shift in behavior—sellers finally negotiating, buyers getting creative, and fewer players at the table.

Baltimore has been very profitable in part because many players won't invest here do to the pain in the rear factor. 

One of the reasons for the risks in those states is the uber long foreclosure time lines the necessity of having to hire a lawyer to do it and generally these are C D areas to begin with so no real appreciation etc. 

A 6 month season on this property wouldn’t be the end of the world, as we’ll be working to increase rents, etc to increase the property value before a refi (likely 12-18 month process); however, it would be great to hit an 80% LTV  (instead of 70% LTV) on the exit side of things to cash out myself and all private money 100% after the value add.On this deal, I’m assuming the CD balance is eligible for refinance, since it’s a lien on the property; however, in order to make the 20% down payment eligible as well, should that be recorded as a 2nd lien at the time of closing, or is commercial more flexible/a different beast?