IE  most investors that are trying to do them have little resources so they look for the no to little money down then sell on wrap and make the delta.

Sacramento river and the Delta excellent water skiing and fishing...

Gold and Platinum, in the buildings I've built, have had a cost delta, usually because of high-end strategies like geothermal and solar.

Part of the reason the Midwest is kind of appealing now, it got hit really hard but it's starting to look better and as everything else keeps going up in price, it will just get more attractive and eventually attract more homeowners and businesses due to the delta in cost of living and price points for purchases.)

Ok for those of you who have read my posts I am a rookie land lordand I put some pretty fancy doo dads in my rentals they are c rentals neighborhoods that are a little sketchy There are bars on all the windows I think I am using that rating correctly.but I have a hypothesis which is born from an experience while living in new york during the 80'smore on that laterI put the big pull faucets with the pull out sprayer i opted for bead board back splashes because they were cheaper I almost went with glass but ran out of moneyI did floating vanities in the bathroom with water fall faucetsand I put down laminate floors and I even did an accent wall the prospective tenants liked it all but what froze them in their tracks was the shower heada relatively inexpensive square glass rain shower headwith the delta armhttp://www.amazon.com/gp/product/B003064FXY/that froze them dead they were so anxious to get the apartment the husband started jumping around and ran and picked up an empty krispy kreme box from the living room and wrote their email adresss on itthere is no doubt that the other renos made an impact but this shower head for the money is going to go in all my rentalsthe pure allure of it for what it costs pays huge dividendsnow on to my hypothesisWhile growing up in New york I noticed that in the middle of some of the worse neighborhoods were people who had apartments with the african art the smell of sandle wood or some exotic insence paintings on the wall and book shelves and some nice potterythere were bars on the windows and under the smooth jazz music you can hear the sounds of city life outside these folks had created an oasis within their apartmentsI believe that you can find these sorts of people simply by understanding who they are which doesent take much just start talking about life and things goals and aspirations principles of living and dichotomies and the truly intelligent grounded caring folks will emerge in your mind.people who may come from the ghetto but are somewhat elevated from that existencewhether through education or a realization that it goes no where a been there done that mentality and a desire for more from their lives.artists, educators, construction workers, part time poets full time city workerswhatever.

Costs to do things (read: repairs, etc.) are higher here in California that a lot of midwest but it's not proportional to the delta in terms of rents.But in the favor of Baltimore, I think you missed out on compounding the *extra* cash-flow.  

But, buying right is a function of the delta relative to some base-line, and identifying that base-line is indeed the entirety of the story.

You are spot with the delta in returns in active vs passive investing. 

KT1015, it's a near-complete ripoff of the Delta 6000.

That tax rate delta is pretty small, but there is the additional benefit of tax-free compound growth.