It doesn't matter how much money you have to spend, you have to actually do a little work to research the areas you want to own a property in, run the numbers, interpret the true return numbers and not just the stated ROI numbers from the seller (they will ALWAYS be inflated), etc. 

Yeah prices might be inflated, but I'm sure it will be like this for a few more years.

However, my analysis is showing these property values to be inflated and overpriced, especially from a buy and hold standpoint.Are you looking at teardown and new construction deals?  

It's depressingly sad that the city believes its own lousy assessments...it's one thing to inflate them to increase tax revenue...but it is entirely different for the local government to actually use the assessments to make financial decisions.For anyone following, the specific example I am asking about is a rowhouse in West Baltimore. 

Eventually inflation will create equity even if you buy at the height of a bubble

How many people got their inflated asking price? 

KC is pretty steady eddy, much less volatile and resulting growth rates that mirror inflation over the long haul.Be sure you have good boots on the ground here in KC.Best of luck in your investing career!

Now depending on what utilities are provided by you as the landlord yes it is possible for you to receive less then $1000 if the Housing Authority needs to subtract some utilities from the tenants monthly budget.So if I were you I would not rent to someone who did not have a voucher for the full amount of rent you are asking unless you are asking an inflated amount that is not inline with what your rental should actually receive.You should purchase the Section 8 bible book it is a great book for learning about section 8.

And values can be inflated and deflated based on what people are willing to pay.

This could cause prices to inflate to SF levels.Cons: HOAs are extremely high making most properties in Adam's Point cashflow negative.