And yes, I see it facilitating a bull-run of all bull-runs, pressing leverage to astronomical heights. 

It for sure is a niche market but when handled the correct way it yields astronomical returns.

If you have cash, good credit and a good relationship with your bank, do this.......get an open line of credit, that way you can close fast and not pay the astronomical fees associated with hard money.

Are their interest rates reasonable or astronomical?  

The pricing range for investment properties right now is astronomical. 

It's just outside of Muncie, and it has a much better school district yet the property values aren't astronomical (higher than Muncie though).

If you have a 30 year term that would put your interest rate at an astronomical rate of 9.35%.

And it ordered FEMA to make that change retroactive, so property owners who have been paying astronomical rates will be refunded the difference if they qualify.FEMA hasn't yet created the "affordable" model, and property owners are still being charged the Biggert-Waters rates.

The expenses however were astronomical….and almost all of them were payments to the management company as opposed to directly to the repairmen that were supposed to be doing the work.  

In some parts of the country building permits add an astronomical amount to the purchase.