Double digit returns, must be a killer deal, right?

It was forty minutes from my house, next to the beautiful Golden Gate State Park, fifteen minutes to the casinos of Black Hawk, fifteen minutes to the quirky town of Nederland and twenty minutes to skiing.

(Definitely not 4-digit-$$)Need your honest thoughts and inputs on this :) 

2-4 family inventory, specifically, is up 52%.We are seeing just a 4% annual increase in YOY compared to double-digit increases in recent years. 

We just experienced a cycle of significant double digit annual increases. 

I do have decent photos taken with a digital SLR, but I didn't manipulate them in anyway.

Solid post and would agree with everything - but the last one - "Local or National Expert" - I do think there is still value here but I would say this is the one area that is being I'd argue reduced in importance via technology and ability to reach people digitally and remotely - but like you said, its really more important for people trying to scale - where if its your first or second, local probably makes a lot of sense

Additionally, the costs of fixed rate seconds and HELOC's could come down from the double digits or make cash out refinances more feasible to tap equity for those with low first rate mortgage loans. 

It sounds like you won't have any trouble qualifying..In Oregon there are some tenant laws that can restrict active CAP rates, but those with current market rents (or that can attain them near term) can approach double digit return rates.

One owner is a wealthy casino owner who collects land and may consider selling but for way more than its worth.