Note that $210K from 2006 equals to $260K of today's money, adjusted for inflation.

Seller's like to inflate the income on the pro forma and understate the expenses. 

These were areas that had inflated due to all of the hiring from Amazon, FB, Google but now that they are fully staffed (for most part, AMZN - ran out of Class A office space).

You have to look at list price and see if they are over inflating, at market, or below market for current condition of the property being marketed for sale.Without knowing your current net worth, liquidity, annual profit income from job or business it is hard to comment further.For example if you have good cash coming in and want to create wealth you might be better off buying a new house in a new development going up phase zero (just dirt and pipes).

Interestingly enough, one of the evictions they did in August mysteriously went back to the original amount charged instead of the inflated charge earlier in the year.

They have inflated ARVs and low rehab estimates.

People are getting desparate for a deal and don't care if the price is high or inflated.

The people trying to sell may, not always, but often enough, inflate the figures and sell on optimum yield rather than realistic yields. 

Both of those markets are a bit inflated, but there are still some deals out there.

There is a reason why prices are inflated - because everyone wants to move there.