@Scott Rudd ~These are my observations from a lot of years in this business.  

My observation though is if you put in all the repair money into this house, your margin may not be enough to warrant selling at this time.

@James WagnerWell the first observation is you should not rent out the house if you cannot stand two months of vacancy.

I really would love to observe somebody to learn more and when I get deal maybe we break bread together for letting me learn and observe.

Michele Caines observed that for some potential rental acquisitions in her market area, the current property values are significantly lower than they were a few years ago.  

I'm still learning, so, I attended the one that was held today, just to observe and learn and I learned a lot.

http://www.hoodhomesblog.com/investing/blog/fort-h...That article was published at the beginning of this year, and gives a good overview of the recent history of our area's multi families.Since then, from what I've observed and commented on in my most recent quarterly update is that the multi-family market does appear to have plateaued.

I have made a living buying HUD homes over the last 20 years (300+) and we track the accepted investor bids in Texas and I have not observed any verifiable bid below the 87% threshold 

Since moving to Colorado a year ago, I've observed my landlord and mentor Joe Graeve working on REI.

These are the observations we've seen up in greater Seattle and the surrounding counties: 1.