Of course values fluctuate and this is over a long period of time.What LA and NY also have that other markets may not is high paying jobs mixed with no land to build more housing.

They're usually short term, and always should be, so have an exit strategy for paying the loan off within 3-12 months. 3.

Will rent for 1750/month.Capex items needed soon: roof, water heater, furnaceArea: A area, appreciation is at about 5% a year but average home price is ~$500K so this home will appreciate faster, this will have multiple offers on itDeal #2 - mixed use, small office with a 3 bedroom and a 1 bedroom over it.Ask: 325KCurrently fully rented on one year leases, bringing in 4775/month but only one tenant pays their own utilities plus owner is responsible for snow removal and landscaping. 

Have you done deals in any of those markets?

But then again I don’t have a vested interest in their buying in to the hype.The other side of the “nothing down” methodology is that in many, if not most instances, being able to put together a nothing down deal results in paying over market value for the subject property, or over market interest rate for the financing.  

Market 1bd rents are about $1500-$2000.Ideally, we would have 24 months to get thru plans/engineering/permits/renovation.

You’re talking about paying $1.6M, adding $100-200k in improvements to make it worth $1.9?

You are now paying 500 dollars a month to live in a 1500 a month place.

Quote from @Joseph Kirk: Hey everyone,I’m dealing with a frustrating situation and wanted to see if anyone else has experienced something similar.I was set to close on an off market purchase in two days, but I just found out that the mortgage company filed a Lis Pendens, meaning the foreclosure process has started because the seller hasn’t been paying their mortgage.

I have seen people paying a factor of 1.25:1 meaning for every $1 they are paying an installer they were paying another $1.25 in assorted tax's and fee's.