As we all know, that market got hammered during the crash, but they were able to hang on to the property, even in a negative cash flow state for many years.

I know a lot of speculation, but if I have multiple exit strategies including possibly holding the property for much longer up to 5-7 years then it may not truly matter; although going in on higher cap may always be better because you have a greater chance of lowering.I don't know, just feel like, I am talking myself into it, buying now.Best time to buy may be brief period when the cap eventually goes high with market crash or adjustment and eventually the interest rates will need to be lowered to revive economy!

But you’ll work through it.As for Future Assumptions, you’ll have to arrive at those numbers by looking at historical data for your local market and look at where your city’s economy is going.

And then the market crashes, you have to service your loans yourself and you lose everything because you were leveraged.

They say that the pipe had only been broken for 2-3 hours before my friends arrived.

@Keith Meyer everyone values parks different ways, but banks use NOI and cap rate to arrive at a valuation, so from my point of view it makes sense to use that to begin with, even if it's only in your head.As for comparing across deals, all you need to know is number of occupied lots and lot rent.

Hi would you rent to a graduate student newly arrived from west europe with no credit history, income or domestic guarantor?

You didn't have the opportunity for years after the crash of being able to pick through bank owned properties at a huge discount in Boston like you could in Indy or other midwest cities. 

This was purchased during the bottom of the Real Estate market crash.

How did you arrive at $49K for the Purchase price?