Discounted Cash Flow is actually a very confusing subject if you only consider it in isolation.  

I think perhaps on an isolated basis none of these things add up to a concern and it is business as normal but I believe when all tossed in the mix together a large market shift can occur which then will then create the downward pressure on values.

Peter,Your "rules" don't particularly appear to be isolated to "down" markets.

This thread and its confusion on the state of cash movement on the property are a hilarious example of why cash flow in isolation is a terrible metric.Underwrite to IRR.  

The drive from Mojave to Mammoth Lakes is through some pretty desolate and isolated land.

**My friends niece is realtor=full comps**Digital Pics - Full interior / exterior PicsU get the idea...The more you do for the investor the more u can get $$.It things they will have to do eventually anyway.Some investors are stingy and greedy and don’t want to pay so gather your list (of investors) ahead of time and isolate into groups or categories…It’s important to send your properties to the right people first.One last idea I got from Washington Real Estate Mogul (Joe Kaiser) was called "Pre-Habbing".

For some of us newbies it is "Close Encounters"The description of the movie from http://www.imdb.com/title/tt0075860/:"After an encounter with UFOs, a line worker feels undeniably drawn to an isolated area in the wilderness where something spectacular is about to happen."

As I mentioned I was going to protect my equipment and my family, and to that end I purchased some gfci outlets for anything that might be potentially hazardous and isolation transformers for the equipment so as to separate them from the rest of the ungrounded house.I'm also investigating possibly using other means to create an isolated, protected circuit, but thus far that is proving fruitless.If nothing else I hope this serves as a warning to others that just because someone is licensed and insured, they might not always do the right or safe thing.

I solely take my PM advice in placing a tenant.

Do I purchase less amount of leads and just drive for dollars to compensate or do I solely launch a small mailing campaign?