These basic formulas do make sense:NOI / Cap Rate = Property ValueProperty Value x Cap Rate = NOINOI / Property Value = Cap RateHowever, an example is given where the NOI is increased by either raising rents or decreasing expenses, and then this comment is made:"In the above examples, you can really start to see the power of using the cap rate in the analyses.

On the flip side, you may see a decrease in vacancies as people are forced to rent out or sell their own homes.

Don't forget about being able to accept the Gov't travel card and that the logding portion of the per diem decreases after 30 days of tdy (and again at 90 and 180???).

I suspect the appreciation will be flat if not decrease.

Sure, income will go down, but I have enough cash-flow to handle a sharp decrease in revenue.

My monthly rents would probably be comparable to what the new apartments are asking for and decreasing the rent breaks the 1% rule.

Or would a roll roof be a large decrease in value?

Most sellers are not going to fall out of escrow for a slight decrease in their net.  

Yes, those things absolutely will affect the value of any home you purchase.The better question to ask is what is this house worth today, and is it likely to increase, decrease, or stay the same in value? 

Until there are other locations outside of CA that are similar or if immigration becomes tighter, we might not see a decrease in population at all.Thoughts?