The point I'm extracting from the thread is to monitor how demand is impacted based on these increases.

Everyone has a different life and definition of happiness.Some would go through torture to extract another 3% out of a property annually and others are happy with XX percent and putting their life on cruise control with a higher quality asset.There are still deals out there but it is a lot of work.

It's taken me years to create working, meaningful relationships with park managers and owners.

In real estate there are a couple things rookie investors notice pretty quickly:- Paying cash is more attractive to the seller and tends to get the deal closed sooner (which could translate into a discount or winning when there are multiple bids)- Refinancing (pulling the money out) becomes more painful if paying cash, many banks don't offer delayed financing (https://www.fanniemae.com/content/guide/selling/b2...) and those that do require more hoops to jump through, require 70% loan instead of 80% and don't allow you to extract repair costsI've actually been bitten by this refinancing issue with my first purchase in Chicago.This really hurts rookie investor's ability to start acquiring properties because we don't yet have good connections with hard money lenders/portfolio lenders, enough extra cash of our own to buy multiple properties outright, or enough properties purchased to stagger refinancing such that this doesn't affect us.

As a resident of Memphis, in a zip code many investors wouldn't touch, this issue is meaningful to me.

@Mark TurnerAny such analysis would need to be very much personalized to be meaningful.  

As in any opportunistic or value add opportunity, the investor extracts value when they make the effort others won't or don't, and are willing to put up capital up to the point when it starts to become uncomfortable.If you like the possibility of owning this property then I would suggest you spend whatever my minimal amounts are required to get comfortable before the auction, not full due diligence just enough to answer any nagging questions, and then make your initial offer.If the bidding starts to run up from multiple buyers then move to your next comfortable price.

I hope I can contribute some meaningful information as I learn from all of you.Wishing Everyone Success!

Be sure you do not just get a set of documents, but also have access to meaningful support for your plan after the initial setup.  

So seems like the First millionaire training by Josh n Cody is a collapsed version with extracts from Fast track.