However, if you are looking to blend cash flow and appreciation, then the Dundalk area (and especially the Elton area) may not be the best place to tied up your capital.  

Things are quite harmonized within Europe for instance -- both its markets and legal system; they benefit from and have been implementing various schemes to ensure a seamless unified functioning market there for a long time.

So a starting low cap of 4 and healthy increases gives them a blended cap rate of 5.5 to 6% over time.As a seller or a developer I would also think to myself to sell to these buyers for a premium.

I was wondering what people's thoughts are about how this applies to active real estate investors that presumably can achieve higher yields than the blended yields from stocks and bonds that are used to compile the tables in the study.  

Assuming Will operates out of an S-Corp (he's a smart guy so I'm positive he's doing this) and nets $350k, by deducting his lease payment he avoids 15.3% self-employment tax, a 1.5% CA franchise tax on net income, a blended CA income tax rate of 7.98% and a blended federal rate of 26.1% for a total of 50.88%.

I'm not looking for confrontation but if one is brought, I handle it seamlessly!

They are different strategies you are blending some.

As a HUD authorized Brokerage in Florida, we assist Investors in procuring both HUD and non-HUD properties.To that end... if you want to be successful, one of the things you need access to is a great Title Company to do your closings.For years, we have been using Jordana (Dani) Angles at Central Florida Title, LLC, the Manager of their Clermont, Florida branch.She has been doing HUD closings for 20 years as well as all the different "flavors" of deals that investors can cook up, and does it quickly and seamlessly.

This is not a seamless plug - I would be willing to bet anyone on this site would agree that this is good advice. : )I would highly recommend, as you start on this REI path, that you meet with a financial or mortgage pro (I would actually recommend you meet with a number of them).  

I have recognized that, for me personally, the RE industry provides a unique blend of technical science, creativity, and ingenuity.Next fall, I'll be starting right back up with school again as I pursue a master's degree in Real Estate Development.