Investors buy here because of strong jobs, strong rent growth, strong appreciation and the future cash flow but honestly many of my clients are playing the long buy and hold, appreciation game.

He's playing with numbers, I reckon, and I bet there was a mortgage on the property, so his cash in was not $230k.

People ignore that for the same reasons they ignore the odds on playing the lottery - they want lots of money and they want it now. 

And appreciation plays.

@Jordan Dzubak we played with the idea of getting something at the Lake a few years ago, but ultimately never pulled the trigger in large part because so many neighborhoods were modifying their C&Rs to prohibit short-term. 

If you already have a high net worth or a high enough salary then you can focus more on equity plays.

With current rates, inventory and demand you may have to bring a little extra down payment.But real estate investing is not a great cash flow play, it's more a net worth game.

It can be a nightmare dealing with occupants that don't get along and want the manager to play "cop".

I am going to throw this out there and play devils advocate- while I believe they will cut rates because its an election coming, I ask why are they cutting rates?

There isn't a lot of information about comparing PMS providers, so just wanted to let anyone who is considering switching know my experience.Yes a lot people assume it is plug and play when it requires work to switch over.