This is artificial cash flow.

When you take control of your own deal flow, you remove the artificial barriers to entry that brokers force you into.  

I hear many agents mention "we aren't even back to where we were before the bubble burst", well that bubble was artificially generated.

There is a high probability that any house you buy will reflect market value and hence current taxes that are too low.Most houses will have the Homestead exemption or other exemptions that have artificially capped property taxes.

Even for the SHTF scenario that @Ian Ippolito eludes to, I think that booze and bullets would be a better hedge than Gold - and at least the prior has interim, medicinal utility while we're waiting...I hear the hype, I know folks that invest in Gold - I even own some, but perhaps I'm TOO practical - I just don't get Gold.Once you have it, how do you get rid of it?

Some listings will advertise "PRICED AT 10.5% CAP RATE" but I honestly never consider those to be valid as the current owners factor very little maintenance, no cap ex, and almost always no property management into their equation, artificially inflating their numbers.

i'm not sure how taxes are based in your area ... in some regions taxes are based on purchase price ... so using last years amount may be an artificially low amount.

If you agree with this logic, then you also agree that the mortgage landscape affects demand and therefore impacts price.I believe a downturn is inevitable, especially given our 'waffling' economy and my hypothesis that demand is artificially inflated with highly leveraged mortgages, which could result in a panic sell-off if a minor downturn results in too many underwater homeowners.

With artificial intelligence, labor costs are going to continue to decline...possibly exponentially.

It has gained more attention from investors over the last year.Here are some quick facts:  8th Hottest Housing Market for 2014 (CNN/Money).Winner of the 2021 World Games.Law, medicine, nursing & engineering hub.Capitalization rates up to 15.0% (area specific).Ranked #2 for lowest property taxes.2014 median price increase of 12.8%.3-Year appreciation forecast of10.6%.Continued success!