So, while the prices of multifamily properties might not appreciate as much during a recession, they also won't drop as dramatically as other investments.

All in all, property was allowed to slip dramatically. 

Even half that profit is a nice payday for 6 months, but the ROI starts to shrink dramatically.

While, generally, areas don't change dramatically too quickly, there could certainly be issues here.b) what is an A area vs B area vs C/D/F...  

He put about $120,000 into it and his appraisal went up $175,000 from his purchase price and he's getting $2,000/month for the extra unit so cash flow went up dramatically

The numbers seem attractive at first glance, but as you zoom out and look at the whole life cycle of your investment (i.e. 30 years), the picture changes dramatically.

Either way, creating your own underwriting spreadsheet or getting software will dramatically increase your efficiency and allow you to underwrite many more deals thus improving your skill set.

I hope this means Raleigh is on it's way to becoming more developer/builder friendly for interior lot builds and shortens the approval process dramatically to where it's actually worth executing a project like the small lot options.

If this is the case, when repairs are really required, the community does not have the funds, and they are required to raise the association fee more dramatically to cover those repairs (in addition to possibly an assessment).When you purchase in an association, you really need to perform due diligence on both the unit and the HOA.

Small towns can get cash flow, but far more susceptible to dramatic shifts in downturns.