Condo values fluctuate a lot.  

@Jose Gonzalez I am new to this world, I've been studying a lot, when hear about the really good deals that were made just 3 years ago, it makes me a litter sad, but, this is the moment I choose to became a REI, so, I have a lot to do in front of me, looking forward, what I do is trying to analyze mls deals using bigger pockets analysis tools and see if the number make sense, with my lack of experience there are some deals that still can work, in theory, but I know I have a lot to learn about evaluating deals.I also like the idea of buy and hold, while getting positive cash flow, from the beginning, the market fluctuations does not really affect your property value, till you are ready to sell it.I am ready, willing, but not able yet to buy mi first deal, but when I get there, I won't be waiting for the market to be better, I'll keep looking till I find a "decent" deal to put my money to work for me and/or with me.Don't get me wrong I may take more Than 2 years, but I doubt it, deals are been made in Miami today, Is a fact, I know a couple of investor doing it.

I live in the Washington DC area which can be pretty spotty and have some fluctuation neighborhood by neighborhood so I'm hesitant to go too far away from the subject property.

Market fluctuations are also different with each asset selected and there is no basis for comparison.8.

With the ARV so high, the numbers could have fluctuated up or down by several thousand dollars, but at the end of the day, the sellers got out with cash in hand, instead of 0, and the buyer got a great deal. 

The owner's equity does fluctuate as the market fluctuates.

We have a 36 bed ALF - Lower income - we figured out how to make money serving a market others do not like to serve -It's been rewarding We have GREAT people/staff now --- People are one of the most important aspectsAs for #'s - it really is a depends question as labor rates vary, state regs are going to vary on how you need to staff etc.Here's the order of our expenses monthly:Wages  (About 40-50% of revenue when we have a good month - fluctuates and this includes my salary which really at any other location may be a management fee etc - but wise to build something in)Principal and interest paymentFood  (When I bought the business Food was higher than P&I but we got it lowered by tweaking some things - I'm sure we could tweak it a little more but I'm not the type that wants to wring every drop of blood out of a turnip - some waste, loss etc is going to happen - I have cooks that take good care of the residents and they are happy which is what I care about)ElectricityAnyways wages by far and away are the largest expense item.I went down this path so am a bit biased I guess - but find a struggling business or an existing one for sale and find a way to buy it and then improve the operations. 

Our appliance guys will not touch Bosch & we have had problems with them as well.Today we had a Whirlpool repaired ($241 parts & labor) for the temp fluctuations but at least that one is 6 years old. 

I'm baffled why rents fluctuate so much between the area this property is located to an area less than .25 miles away. 

Given a normal economy (with the expected fluctuations), how long would it take for developers to start buying up the land and starting their projects?