The doors meant large scale multi-family apartments or townhome communities that are rental only. So you may have REITs that have investments in those sorts of holdings. As far as private equity activity at trustee sales alot of the competition that we would go up against would be groups of investors, sometimes large groups, that would make a couple of purchases per day to fix and flip. Note these were not Wall Street entities, just large groups of investors that had lots of money in their own “fund so to speak. None of these groups however were going for long term investment as a rental. If you go to say the Bruce Norris site, they will turn you on to longer term trust deeds that are targets for a long term rental holding.

I would also doubt a 100k home purchase as a hold for a rental. Once more, it is all market dependent right? Could it have happened in Phoenix? I guess. Could it happen in the areas I mentioned as a focus of this thread…not ever, even for 1000 sfrs.