Saratoga county is appealing because of good schools and lower taxes but housing prices are bloated and I think could be hit hard in the next downturn. 

Its gonna get worse I think, the theory was that if everyone was insured we wouldn't have to pay bloated prices to cover the uninsured, but I think what'll happen is that without any downward pressure on costs and us being forced to pay whatever they say, the cost of care will continue to rise and with everyone 'insured' the utilization is going to go up, which eventually has to be paid for through premiums.  

If you are going that route you might as well invest in ground up development where the large developer might have a 9 cap rate to cost (breakeven) into the project instead of investing in a 4 to 5 cap fully stabilized.I liked multifamily 6 to 8 years ago at the bottom of the cycle and recovering upward but it is bloated and tapped out in many markets these days.

@Kevin Ferguson, the reason why getting rental comps from agents might be a conflict of interest is because the real estate agent's primary goal (in general and depending on who you're dealing with) is to sell the property and if not careful with your choice of agent, the agent may comp using aggressive rental numbers to paint the property in a "better" light which may artificially bloat the subject property's true income generating power.You need to make sure your agent has YOUR best interest in mind at all times; a long-term mutually beneficial business relationship rather than the agent who jumps from deal to deal.

So long as we tax “income” we’ll always have a fat bloated pig like organization to determine what everyone’s “income” is (that isn’t a W2 worker bee)

The prices that out of state investors have been paying for Milwaukee real estate has been (in my opinion) significantly bloated. 

In LA, flipping will yield more spread/short term bloated income, more opportunities, higher capital requirements, ~200k, but spreads are also ~100k within 6 months.

Fulton county where college most of college park is has very bloated property taxes compared to other counties in the MSA area.

There's a third, but it's in deferment until next April so it's not currently hurting me.The current goal is to improve my credit score over the next 4-6 months (I've got a few methods, just don't want to further bloat an already long post), continue researching properties online and getting a sense of my market, and then start talking to banks more aggressively and actively looking for our first multifamily to hack.The step I took on Tuesday might not be much in terms of being closer to owning an investment property, but going from reading articles/blogs/forums and listening to podcasts to actually taking some action is huge no matter how small that action is.Thanks for the knowledge, inspiration, and encouragement BP!

If they are overpriced bloat not underwritten correctly than usually only the unsophisticated investor will bite to purchase those properties.Sounds like you to want to stay passive.