DFW has strong growth and good economic fundamentals, but also a ton of competition.

It not only has strong cash flow but good economic and demographic fundamentals.

His major was not economics in college and he certainly does not have a PhD in Economics.

I think the target like always though is the homes that have not seen much love and need major reno work.. to get them up to date.. foreclosure or payment crisis seems to have subsided.although there will always be people in financial stress for one reason or another.

If he's using a 15 year amortization schedule with 10% interest rate it's materially different (economically) than a commercial lender using a 25 year amortization tables and a 5% interest rate. 

Unlimited Wealth: The Theory and Practice of Economic Alchemy - by Paul Zane Pilzer7.

All nations are guilty of currency manipulation to some extent, but the US, Europe and Japan is more through economic action than in-your-face rate setting, i.e.

Personally, I am frustrated that the big banks escaped the crisis without any of their management being held accountable for their reckless actions.

If so, you can count on your "economic vacancy" being a lot higher than what you are projecting due to non-paying tenants, plus higher and more frequent turnover costs.We would really need more information that what you provided. 

Is it going to be another housing crisis?