But I don't see this on the horizon in the triangle.

Investors have a longer term investment horizon.

The market is no less hot here, but you could also try expanding your horizon. 

A lot depends on your time horizons. 

@Jason Holden, upgrades to the kitchen and bathroom as you suggested are generally worthwhile, but what you upgrade things to depends on how long they plan to keep the property and where you believe the neighborhood is trending based on your time horizon for ownership.If they plan to keep the property long term, better quality upgrades make sense if the market can bare the premium being charged.I also agree with @Ryan Scott Isacksen, that nicer properties that are clean and have strong cosmetic appeal will attract better quality residents which has a significant impact on the bottom line over time.

Each step you take reveals a new horizon.

Both these buyers have a much longer investment horizon that individuals so the appreciation is inhertient.

Emilio R - I know that there are probably 1,000 other posts here on BP about spec building, but I was just curious (from the generic example above) if you, have found it possible to do spec homes (or have known others) who honestly manage to pull off consistent 30% returns on specs and/flips.Ex: Sales Price $450k ($135k profit) #'s adjust for any area/marketThe reason I ask is because - *in a perfect world* - it seems like a no-brainer business when a 30% return could mean an 80% + cash-on-cash return if the initial equity outlay was a 'respectable' 50% down.In other words, without walking on a thin blade of <=20% down, it seems that incredible returns can be made over and over if given a year's-horizon.

Good morning BP World,I have some exciting and nerve racking events on the horizon and I need some advice! 

Also, I am certain there is an eviction somewhere on the horizon if I keep up with the class, not sure when.I know that real estate is local, and that this is going to vary greatly from market to market, but I'd like to hear your opinions.