It seems like the market here is very close to the bottom with talk of sentiment from some investors starting to change and investors from overseas and the eastern states giving Perth more consideration.

Account Closed  while I understand your sentiment you also live and work in a market with excess housing.. houses that cost less than cars etc etc. .plus of course you have high end homes.But even dogs in our neck of the woods are 250 to 400k same thing you would pay 10 to 20k for in areas of Baltimore.. what works there does not work on the west coast.. while some of what you mentioned is certainly tried and true RE one oh one.. just a little different setting here Is all.Mary, if your serious about this you NEED your license just the savings when you buy and on the list side will create huge amounts of profit when your working in our markets.. plus you get instant access to MLS and you don't have to rely on anyone.. for the life of me I can't understand who anyone would not think its a benefit to be licensed in our market if your intent is to buy and resell homes that are in the 500 to 1 mil plus..

It was the first house I ever bought (note: sentimental value) and it has been a great property to own.  

I've explained to a few that my offer is based on my using the property as an investment, and that I hope they do get a better offer from someone who is not an investment buyer and sees the house for its "sentimental" value.

There seems to be a common sentiment that buying turnkey rental properties means you are leaving money on the table.

So not a 180 but if common sentiment is this direction, then it likely won't happen that way.

The bidding war is awful here, especially when competing with homeowners that don't care about going way above asking prices to get their "dream" homes, for us, it is another asset to our portfolio so there are no sentiments involve so it makes us hard to compete. 

Posted this another thread so I figured I'd put it here to, which I see echoes everyone's sentiments :)@Jinyu Shao granted I'm an agent, but I truly think this is a bad idea.

Either way, I second the sentiment of Account Closed...we have to take action on what we learn, whether on BP podcasts or in a $700 boot camp.

:If I could fully finance a property that was at all positive, on a 20 year am note, I’d buy 10s if thousands of them I agree with your sentiment because I trust my cash flow estimates and suspect I would trust your cash flow estimates.