What this gives to the owner is a guaranteed rent check as long as the fraternity survives, a constantly updated unit, and they don't have the hassle of finding college kids to rent it out - the frat house leaders are responsible for that.

You might give a bit more detail about what you're trying to do, Stephen Masek.I constantly see recommendations here from those who know others who are happy, or who were impressed because they saw a company representative present at a real estate club, or perhaps they sell plans themselves.

I have no intentions of ever being that person and I see REI as a great way to launch my plans for a future of passively managed income streams.

You have maintenance and turnover and a bunch of others costs.It would help if you describe what your goals are as that affects how you view a property and a purchase as an investor.For example if you are sitting on a bunch of cash you might want properties that have high appreciation potential once the market returns.If you have little to no cash and want grow an income stream then that property might not work especially dumping 20% down into it.It depends really onwhat you are trying to do.

Would you rather have 10 $200 cash streams or 1 $2000 cash stream?

Smart, experienced, no constant up-sell BS, just solid info.Here's an hour audio interview to give you a flavor http://reihighrollers.s3.amazonaws.com/access/wp-content/uploads/2011/08/call-with-dennis-fassett.mp3And here's a link to his course http://apartmentcashflow101.com/

It seems like an agent or broker with a strong knowledge of a small or middle markets could do well in New York due to the amount of potential capital and constant turnover of buyers(with years of networking, of course).

I actually stopped going to reia meetings because of the constant sale pitches.

The best way to tell if your market is changing is constantly evaluating other deals.

It's just another stream of income and there is no need to be sneaky or do something that will never happen.