Russian hackers are shutting down meat packing plant on the east coast and it prevents me from purchasing a chicken sandwich in Wyoming.

AC issues, roof leak issues, slab leaks, are more daunting to overcome when low on funds.You are playing Russian Roulette if you start out owning investment real estate with no reserves at all.  

I definitely think that simple is better (think of NASA building a space pen... and the Russians using a pencil).

Russian Roulette.

$4450 on a 1100 sq ft condo in Russian Hill of San Francisco

The 30YFR overnight rate jump from 5.3% to 5.85%.Some analyst started thinking, the 30 YFR from now on will be 5.5-6.5% for medium term.If you notice this is still OK considering it's actually the rate in 2009-2010.However what's the different than 2009, is house PSF has 2-3x appreciation, stock index also has 2x than normalized valuation.However, if we examine the inflation, most core inflation occured actually because of oil and gas pricing, especially due to demand in Europe and Russian embargo.

(I am in Pac Heights / Russian Hill area of SF, so your assessment seems spot on @Lawrence Leung ) 

After speaking with her, she sounded like an older Russian lady that spoke very good English but was pretending she didn't understand the numbers to work a better deal.A Week before closing the wholesaler calls me and tells me he does not want to deal with the lady anymore because she keeps asking for a discount to take care of the problems in the house (some plumbing and cabinets needed to be replaced, est. $4,500).

They can hurt the Iranians and Russians who need $100 bbl, while not angering the US, where producers will survive with $65.And after that all plays out, prices will rise, probably by a lot.

--------------(Unit background – the owner only has the property posted on craigs list, and has broken English (older Russian man that lives 5 states away) I see this being a large part in why the property has been listed for longer then 6 months.