How about borrowing money from him at a typical interest rate that you guys do business at, then have the IR spike by 5% at 8 or 12 months.

Now if rates spike and you have cap rates following interest rates, selling at a 7 cap is a loss - 927,080 excluding transaction costs.

What's states or county with foreclosure, short sales are spiking in.

Banks will tend to spike up the interest when the customer falls behind...it is definitely borderline hard money.

If you see a spike in water usage, you may have an unauthorized tenant living there, or you make catch on to a water leak before it causes more damage.

And regulators get involved when things like missed payments spike.

At that time, it was a huge spike in malls and shopping centers.

Core Inflation is already down , although it may spike up again due to oil 3.

In my market of Columbus alone, rent rates have rose over 10 percent over the last year and missing out on that necessary spike with the increased price in property value would be unfavorable. 

It's likely that the they spiked the prices during Super Bowl weekend, but I would agree with you about the STR's here being inflated.