At first blush, the idea sounds like it has merits, but in actuality apartment owners are now dealing with the over supply of housing and rents are dropping. Many of those who are forced from the homes don't go on to rent, they go to live with relatives while they rebuild their monetary nest eggs. And other owners have turned to the idea of renting their homes rather than lose them and are finding the same problems...too much supply and competition.
Those REITS you mention are now competing with your friend "the finisher" among others.
6 REITs for a 'Recovery Portfolio' [View article]
Those REITS you mention are now competing with your friend "the finisher" among others.