Everything looked good at the surface, but the distinct lack of craftsmanship indicated that corners had been cut, and what you were looking at probably wouldn't make it too far into the remaining life of the home.

Each property is then a distinct investment.

Hi @Lem Diaz - that is a helpful distinction and yes, I believe that is accurate.

Making this distinction has helped a lot, and yes, I arrived at this procedure the hard way.

When more people are buying bonds, the yield goes down.While some might think that laying out this distinction misses the larger point of the post, I'd say that understanding what mortgage rates are actually driven by is very important when trying to discern future market corrections.  

- But personally I consider these to be two distinct and largely unrelated periods of time and efforts.

Be sure to keep the income and bank accounts for each company separate as if they were two very separate and distinct companies.

This effect happens a lot during a period of Gentrification in Metropolitan areas.What I tend to do is to buy in area where the Cap Rates have a distinct downward trend.

Correct me if I'm wrong but the city does not really have a distinct Low, median, high income area.

I believe I have a distinct advantage because I've lived there, explored many of the neighborhoods, and have family, friends and fellow investors there.