Based on what I've heard from them during the past several years, it is not the place to invest for reasons others members are posting here and the fact that Bend's economy is somewhat artificial with all the transplants coming in from California.  

forced appreciation is an artificial increase in value realized when the property is sold; there are a number of things you can do to improve the property,  new appliances and services for tenants,  obtain an upgraded appraisal, increase rents, upgrade tenants, and coin service laundry machines. 

& Regs. 1320-4-5-.16]: + Medical and allied health services, except services of persons making dentures and artificial teeth. + Religious, charitable, legal, educational, domestic, accounting services, architecture, engineering, surveying, and veterinary services. + Services rendered by nonprofit membership organizations for the promotion of the interest of the members. + Nonprofit educational and research agencies. + Public utilities as defined under Tenn.

In assessing the use of equity you must also understand that due to the opportunity value of cash buying cash flow with equity to create artificial cash flow is extremely expensive.

Certainly at the supermarket.But, it's not that simple.Interest rates are artificially held low.

It is therefor beneficial to have a 30 year as opposed to a 15 year mortgage.Equity in a rental is artificially buying cash flow at a very high rate based on the opportunity value of cash.

And if there’s $75K worth of rehab the owners annual expenses are likely artificially low, which is likely what created the $75K need in the first place.

You are paying a very high premium to purchase perceived cash flow and have actually turned the property into a liability as opposed to a asset.Your property with rent at $1000/month is far too low for a property valued at $150K and is already negative cash flow when accounting for the artificial cash flow that you are buying with your own cash/equity.

What i would like to know is how increasing vacancies in a class A apts effects b and c properties.Also have to remember we are in year 10 of artificially low interest rates, and this financial engineering is INTENDED to rev the stock market and inflate asset values.And the next logical question is what happens as interest rates go up?

The law has kept those property taxes artificially low, regardless of how much their true real estate value increased over the past 10 years.