I just have no idea on the actual costs of building a home, but it seems if you buy a piece of land you should be able to build something for less than what a lot of the already built houses go for here, it being such a largely inflated priced market.

I recently was working with a wholesaler who tried to comp recently sold 4-bedroom homes with the 2-bedroom home that I was actually looking at, and it resulted in inflated comps. 

MF were a steal in Dallas when I got into them around 2011 but have found MF particularly inflated the last year or two, even more so than SFR.  

What is the sense if we are in a twenty year Deflationary period like Japan just went through because we are doing exactly the same things that Japan has done to try to "create" Inflation?

My only current debt is the mortgage on my condo and two small car payments.The local market is so inflated I'm not sure if I would be able to make any profit here.  

I feel that my money would go further and be safer splitting a property with him (helping him as well) than in my inflated market.So i guess in general with this post, I'm hoping to hear from anyone who has experience in the area, specific areas to invest in, connections with investor friendly RE agents/contractors/property managers, anything will help.  

But my assumption is that even that premium would still be below the inflated prices I'm seeing on the popular websites.

That isn't to brag on my skill, it's just to say that with rentals in general you can inflate out of alot of early mistakes.

This is pretty much a holding tactic until inflation catches up to our purchase price and we can break even by selling.  

hey @Dan Brown and @Salah Siraj ....im new as well and feel that its harder for us here in Jersey because of the inflated market to just dive right into real estate investing like other people in the country lol.