I see things remaining the same but there will be a spike in volatility once everyone has a meltdown near the end of the year when we "fall off the fiscal cliff".

I am only coughing now, not feeling like someone is pounding a spike through my head. 

The property hasn't been re-assessed over 12 yrs since the previous seller and my concern is volunteering info as such will spike up the property tax next year.  

By doing the auto renewal, they are able to float the rate every year thereafter and basically hedge the loan for any interest rate spikes that might occur.To me, I wouldn't worry as much about the 5 year balloon though.

Keep in mind that anything that is a value add property will have variable cash flow over the hold and your average cash on cash return may be spiked by the exit.  

Yet there has been a spike in property values in that section of the city. the closer to Cedar Park the better. as you move closer to Elmwood you go deeper into sw and the value takes a dive. though it fluctuates in SW as it does in the rest of the city. that's just the way Philly is. even in hot sections, whether they're up and coming or consistently hot, prices can vary tremendously. perform your due diligence thoroughly. my coin.kudos,Mary

It rose as a result of the Great Recession, after the economy started growing again but when when it still felt to everyone who was not a professional economist that we were in a recession.The Great Recession involved a massive loss of jobs, and that caused vacancies to spike, as always happens during a recession.  

So the potential for that velocity to spike is realistic and possible - and you end up with China and Australia styled real estate markets.

You could have a leaky toilet, dripping sink, etc. if the electricity didn't also spike to go along with that water use.

Hey BP,I'm thinking about submitting an offer on an REO property.The price was just reduced today fairly dramatically.I took a look at the property and it seems to be a good candidate.My only concern is there are a large number of homes for sale in the area (particularly fsbo).I checked to see if the school district had recently changed or a spike in crime had occurred.