Note that some things cause a dramatic adjustment.

Then, they claim, if you buy several per month, the price drops dramatically.

The number of these recasts is relatively small right now -- at about $1 billion per month -- but that number is set to grow dramatically over the next few years, exceeding $8 billion per month in the fall of 2011.

I was just throwing the numbers out there over dramatizing a bit I guess. but your right... 10/20 sounds good, wanna buy something from me?

Being that I would like to keep the tenants, I would never make the dramatic jump to market value, but I plan to get there incrementally (perhaps over two years).

It is key to list your property at the appropriate price, as your credibility in the marketplace will dwindle dramatically after the first 30 days and low ball offers will start coming in if any.

@Jay Hinrichs is definitely right about living cheap being a consideration but once you look at taxes and insurance the cost often will go up dramatically.  

As far as the area around Madison I have no idea about it, but if there is some huge developments under way that could push the appreciation aspect up dramatically over the next 10 years or so then maybe if you don't mind losing money on it and living in it just to off set cost of living then go right ahead.

It may not be as dramatic as an entire complex but none of it would have happened if it wasn't for one 3 minute conversation that would have never been if I hadn't heard that episode of the Bigger Pockets Podcast.

The lucky part for you is that there are many fewer people who are in the multi market than the SFR market so it should increase your chances right out of the gate so to speak.Also depends on DOM (days on market), at some point the bank will want to clean up the balance sheet for the month or quarter etc etc and if not sold, will begin dropping the price, sometimes dramatically.