I did dozens with my banker at $250k-$300k before they started funding $1m+ loans.If your looking to buy during a down turn when no one wants to touch RE with a 10ft pole you had better have strong relationships with your banker and have access to lots of cash to get good deals.A $1m crash and burn in 2008 say a failing townhouse project, your going to need hundreds of thousands to get in and turn it around. 

Sure you're going off the numbers of the past decade which have been part of the fed fueled bull rally but overall earnings are declining and multiples are at very high levels for the growth these companies are displaying.

(Buy renovate rent repeat) With marijuana now being legalized in other states, there is a thought that the Colorado population expansion,  fueling this long rise in property values, will dwindle.

It's hard to know where we're going because the latest surge in Real Estate prices here were fueled by low interest rates, high income and low unemployment rates.  

I questioned it and a bank officer came to speak with me.Here is what added even more fuel to my fire. 

This is for a very nice 520sqft build and includes some extra's (separate power and water, black top alleyway to apartment, burying power and low voltage lines from the pole to my house, and etc).

The April 2017 Central Texas Housing Market Report is out from the Austin Board of REALTORS®:Brandy Guthrie, 2017 President of the Austin Board of REALTORS­® commented, “After a slow beginning to the year, increases in single-family home sales, homes on the market, and housing inventory across the region in April 2017 indicate that the Central Texas housing market is ramping up for a strong summer selling season.”Here are the basic stats on single-family homes sales for April 2017 for the city of Austin and the greater Austin area:Strong housing development activity is fueling single-family sales growth across Central Texas:“The Austin area is delivering more lots than ever before, and as a result we’re seeing strong gains in new home starts so far this year, particularly in suburban areas in northeast Travis County and throughout Williamson County,” said Vaike O’Grady, Austin Regional Director for Metrostudy.

Capital markets have a big impact on prices as well however most of that is fueled by market perception as well.

is it a gas pack, dual fuel, or heat pump?

Space heaters that run on a different kind of fuel... fire hazard, CO danger, too close to flammable objects.3.