Wild.

Then we refinance in 2 years after rents have been raised.That would have someone putting down $42,500.Is it wild for me to be asking 50% on the deal?

I think you have to look at the strength of the market.. much of what has driven PHX was new construction and all those workers that lived in the apartments.. in 04 clients of mine ( I did not broker them linda gerchek did)  bought 4 plex in PHX for 350k each by 2010 they were 100% vacant and selling for under 100k.. now granted rising tide raises all ships.. but in the other areas you mentioned they are not as susceptible to wild swing in valuation when new construction slows way down or comes to a half. 

Depending on who gets in the hot tub, can drastically change the water quality.  1 person that has been out hiking through the park, sun tan lotion on etc that jumps in a hot tub, can leave enough organic matter that will use up the chemicals as perhaps a couple that uses it every night for 5 days, but they jump in clean and aren't doing the wild thing.  

I agree that calling a property a good investment bc it makes you an extra $150/month ($1,800/year) is wild.

My thoughts and interest are running wild since I have started following BP podcast.  

The wholesale market is wild, unregulated and although I agree that someone who doesn't have a fair business practice would not survive for long, those bad apples effect the rest of the industry.Chris, if I thought that the person who offered me that property is doing something illegal or grossly unethical, I would exposed that person on this site.

Investment grade pieces are very expensive and the market flucuates wildly.

It is 3 bedroom, 3 baths, 1800 sq foot, full basement with a bathroom. 4 students will be using it, and I was a bit scared of wildness of college kids turning into rogues.

And, if the owner is deceased, heirs are a total wild card.