In my experience it is rare to find a property that has an assessor's value higher than that actual market value, let alone a value that so significantly surpasses it.

They've also surpassed those pricing levels and gone beyond.West Orange doesn't have it's own train but does have walkability (in certain places) to the Highland Ave Station but it doesn't have full time service into Manhattan like most other stations.  

I'm sure there are quite a few of the experienced members that have obtained or surpassed that target.

The gift that I've received for the past six years had already surpassed my original expectation, which is just improving my financial situation.

there are a number of portfolio lenders out there that can help you if you have surpassed your conventional 10 properties on your credit. they will loan as many as you need. you simply need to have an entity set up they can loan to... down payment will be higher, interest rate will be higher, terms not as favorable but you maintain 100% control of the real estate w/ out bringing on a partner or heaven forbid take a w-2 position :)    lima one capital is a portfolio lender we have done a number of loans with and there are others too. if you want to PM me i can tell you my experience with the other portfolio lenders which is generally not good. :)

It seems supply is now surpassing demand in many hot markets.

The Numbers:Purchase Price: $72,500Mortgage: $58,000Rent: $1350/MonthPITI: $700/MonthH2O & Garbage: $50/MonthRepair Savings: 10% or $135/MonthAnticipated Net Cashflow: $465/Month or $5,580/YearWith the standard acceptable amount usually being $100-$200 cashflow per unit, I'm encouraged to see that I'm in a market where I might be able to easily surpass that!

Are you saying your net book income is surpassing your annual depreciation expense so you're now looking at taxable rental income?

Massive amounts of business development have allowed properties to be used as rentals that often far surpass the 1% rent:price ratio.

A couple years ago, Portland surpassed the housing costs of places like Rockridge in Oakland and Albany (formerly regarded as "affordable" places where you could get a 2/1 bungalow for $250k near Berkeley) circa 1998.