That's what a housing market should behave like. 2006 was not normal.

Wow what a smell.Responsible people have behaved pets I have found.

So often, even though I'll say "no pets" or "no pets over 25 lbs" someone will tell me that they have a very well behaved (funny how 99.9% of dogs are well behaved according to owners) labrador only after I've shown them the apartment. 

True service animals are extremely well behaved.

You've got to make assumptions around how the building will behave, how people (tenants, managers, maintenance personnel, the FED, other investors) will behave.Subjective things are much more complicated to perceive, yet future performance is very much a function of these subjective elements that you have no control over.

Long term goals would be having positive rental income but that would also mean tying up a lot of debt to income in one home.

:-)@Joe Splitrock Yes, if I had 120K (20%) to put down, it would cash flow like crazy and we wouldn't be having this nice little conversation. :-) 

I thought anyone who has that sort of sustained energy and motivation about their industry after so many years must be having fun.

It's an older dog and they claim its well behaved (they reassure me its a perfect dog).

This time of year is usually slow but the market is behaving as if its spring.