This is the wave of the future and text messaging is where it is all going.

eric, you may not have gotten a lot of response on this bc it's in teh wrong area..at any rate, i'll let you know what i do....the first thing i do when i buy a rental in the hood is smile and wave as much as possible lol...i let all neighbors and tenants know im' cleaning the place up and i'll be checking in for the next few weeks to make sure the property will be ready to get rented..at that time, i let them know i'll pay them 25 bucks if they refer a good tenant to me that passes my screening...most times, these neighbors refer tenants to me..good luck

Air is similar to a fluid, like water, and it contains waves and eddies just like babbling brook.

SFR's are harder to control as they are more spread out.Taxes and maintenance tend to be higher on a per unit basis compared to multifamily 5 units or more.The Dallas market is healthier than many other parts of the country.With SFR's the renter usually gets more space for the money.Also the SFR will usually appreciate at a higher clip per unit once the economy turns around versus multifamily 5 or more.If there is low housing supply and permits for new builds versus more demand for housing then rents will go up.I believe many potential tenants don't see purchasing a house as a smart move in some markets so they just want to rent and let someone else handle the upkeep.I would just make sure that as inflation and commodity cost rises that your SFR are not to far away from the core.There will be in the future a wave of more intown living to reduce waste and cost of living since wages have pretty much remained stagnant.

The waves are dictated by contractions and expansions in supply and demand.

Happy Wednesday BP,Im a newby so please bare with me..Today I put on offer on a REO for the asking price (the bank just dropped price by ($25K), $5K earnest money, waving inspection and a 5 day close.

But I have heard of some investors making a good profit with these by either finding them in areas just outside the wave of new development (a low-rise apartment building occupying a large parcel of land may be very valuable to an SFR developer) or in a city which is down-zoning (not issuing permits for new multi-family buildings making yours much more valuable).

Since it is possible that they will secure financing to buy the house and potentially be our new neighbors, we do not want to make waves with them even though we are very upset that they outbid us.

I have been involved with multi real estate transactions for a number of years and more I ride in this real estate wave more interesting it becomes, with new challenges, new laws, new markets, and new economic conditions but overall main theme stays the same.

The buyers will likely undercut the market in terms of rent to get their units filled, which they will be able to do profitably because they picked up the properties so cheap.Between these two forces, it's fairly clear that any over-leveraged buy-and-hold investors may be in trouble, which will just fuel a new wave of market troubles.And while MikeOH is probably correct about entitlements ending at some point, the shorter-term reality is most likely that the government will reduce entitlements to stay in line with reduced market rents, which will push rents down even further.In other words, if you're a buy-and-hold investor, make sure you don't over-leverage, ensure that you can afford a drop in rents, and keep picking up cheap properties in order to "dollar cost average" your holdings.Personally, I plan to start buying apartment buildings in the next year or two, as I expect prices to be such that even with significantly reduced market rents, there will still be a great opportunity for cash flow and long-term appreciation.My my $.02...