It's true that Charlotte is at all time highs, but at the same time, the economic outlook for Charlotte couldn't be any more positive for the future.

Tenants who are struggling economically will do/say anything to come up with money. 

On an affordable flip the economics are not there, especially for this market.It would be great to find a local guy, but we are out of state and it's very tough to know the quality of the material from a phone call.

If you decide to rent you might ought to finish it out more economical than if you decide to sell.Who is this guy anyway? 

Seems that these are often ridiculously cheap - but I'm thinking the market knows more than I do and they are cheap for a reason.Churches are often beautiful buildings in great shape, but are very awkward to convert into a SFH or apartments.Schools tend to be large projects requiring significant resources to remodel into apartments or senior facility and can be either in decent shape or quite run down.Masonic halls are often very similar to commercial buildings but usually need a lot of rehab.Also many of the bargains are in economically depressed or low/no growth areas.But still the price on these can be so low that getting positive cashflow should be easy.And there may be LIHTC (low income housing tax credits) available - anyone managed to snag any of those?

I think with the QE situation and the global economic situation it's time to be cautious.

I agree that if you can sell now, walk away with what you want then do it....We cannot predict the future and most economics/industry leaders are predicting that the housing market will cool off again.Also keep in mind that people that occupy a house never want to pay full retail for the property.

So I expect that the tenants are from slightly better economic pool, which hopefully translates to more dependable and responsible tenant.

In the report, Deloitte refers to a survey that was conducted in the World Economic Forum.

Basic Economics by Dr.