The current national expansion is very much on track to be the longest on record.Arizona added 78,800 jobs in 2018, which translated into 2.8% growth, according to the latest revised data from the U.S.

Nothing wrong with either camp, but what is good for the former doesn't always translate to the latter.

None of the skills involved with being good with one of those translates to the other.  

If you want to spell out the broad outlines, just write up a short memo/letter of intent that describes the kind of loan terms you'd be agreeing to, and use that to translate into the actual lending paperwork.

BRRRR does not translate very well to expensive markets hence why it's most popular in places like the midwest.

I'm in envy of the folks that understand all that and can translate it to the audience.  

Many times the comps you get are older sales or there is something within that does not translate into a good comparison. 

But that unfortunately translates into high prices /  low cap rates. 

The importance of those numbers, in a particular market, can be identified based on what those living there are willing to pay to live there...which, for a REI translates to Profit and/or Cash flow...the numbers with "$" in front of them.

I work primarily with non-investor sellers and I can't think of one who hasn't been willing to go through some inconvenience for a higher sales price.The extra $10K  (or $5K, or $50K) that the seller gets if the price escalates often translates to a big percentage of their net, i.e. if the house sells for $400K instead of $375K - so just under 7% higher - and the seller pays $250K in mortgage payoff and selling expense, the seller actually walks away with 20% more cash.To be clear, I don't recommend toying with buyers and alienating a good offer needlessly by dragging things out - some times that first offer is the best one, or it may come in significantly higher than list price.