Nailed it, the great moderation was extremely poor Keynesian economic policy.

@Ashish Acharya: You hit the nail on its head !!

., and I still love Cook County because I have a solid team and underwrite deals properly.I think @Paul De Luca nailed it on the head, though - it seems like you are quite risk-adverse, so maybe given your risk tolerance, it's not the best idea, but if it were me, I would not think twice about it, and find a rock start property manager who knows exactly how to vet tenants.

Now, if you listen carefully you will find that he too found some of the same things that others mentioned...no deals in Austin, prices were too high...but then he adjusted his approach and nailed it!

While outsourcing overseas may be tempting, I would recommend nailing down your processes prior to teaching someone, or you'll wind up with their processes, at best. 

You hit right on the nail.

You hit the nail on the head...that's where the SFH to Duplex conversion gets financially unrealistic.

“Jorge, you nailed it—economic occupancy over physical occupancy every time.

@Peter Mckernan hit the nail on the head. 

Its taken some time out on the west coast but we did nail a 10 unit for a 7 cap right off of MLS in the portland market.