How can you make money in this environment?

[Paul Sweetman]

I've been an investor for 30 years. I own and manage 60+ units. Best life ever. I've always said I'm an investor not a speculator. Properties are being priced at levels I don't understand and if I bought them they would sit empty because my rental market couldn't afford the rent I'd have to charge. BUT these over priced properties are flying off the market in 4 to 5 days. I'd like to think I know what I'm doing but I will not buy a property and not have positive cash flow immediately or at least know what I have to do to get to positive cash flow quickly.  Can somebody explain to me what I'm missing? Depreciation and appreciation are great but I can't pay a mortgage payment or water bill with it.