There are a lot of out of state investors searching the MLS daily.

I just read an article by Forbes where the author - Brad Thomas - mentioned something regarding cap rates that has me confused.Quote - "As a REIT analyst, I use cap rates on a daily basis for comparing the values of various buildings that are bought and sold.

Been listening to the podcasts on my daily commute and learning a lot about the different ways/strategies people have invested in real estate.

Take those away or lessen them to reduce my taxes on ordinary income takes away the best opportunity that I have as an individual in the poor and middle class to financially succeed and it puts me in the daily grind where I have to be at the whims of market forces and other people's selfish decision making for my financial future.I am not a billionaire or corrupt...that's class warfare that creates divisiveness, which does not create opportunity for any of us in any class.There are consumers and there are investors and that is driven by each person's personal decisions.  

I now also automate an email that gets sent to my cleaners at 7AM daily with the following day's checkouts so there are no surprises.

I'm going through the zoning process as we speak.I've been listening to the podcasts almost daily for a little over a year and have been educating myself on REI much more than I ever have before.

http://realtormag.realtor.org/daily-news/2016/09/09/10-most-least-affordable-housing-markets?

I am not really sure how if it came on the MLS on 9/30, I didn't see it until 10/4 from both an automated listings that was being sent to me daily and also on realtor.com. 

Here is a part of the letter, I sent to the seller:The home inspection was completed on September 29th (please see attached) and the following issues were pointed out: 1.The wooden floor frame in the middle unit is deteriorating due to either prior water leak in the bathroom or due to moisture infiltration through the walls and foundation.2.There is evidence of significant settlement under the middle unit bathroom and north closet.3.The settlement of the floor and walls has also resulted in settlement of the roof frame above this area, ceiling shows cracks.4.There is an obvious depression on the roof – water is ponding on the roof above the middle unit, which adds excessive weight on the roof and potential for leaks.5.Asbestos containing material has been found.6.The current bedroom heat installations in the north and south units pose a safety hazard from carbon monoxide, fire and oxygen depletion.7.An electrician performing upgrades did not use ‘arc fault breakers’ in the north and south unit breaker panels, which is required by the national electrical code.8.Upgrades to the electrical system, promised by a real estate agent, have not been completed yet.

ok I don't buy a lot of flips anymore, but I did some in Vista,and mostly north county if I come across a great one I buy it but I get a lot of deals in my desk daily I can send you some of the ones I don't take I am more focus on multifamily and land development now.