It’s one of those issues that everyone has their own beliefs on, which is great.

Woof, it looks like that is pretty religiously on the 2nd Wednesday of the month.

@Terry LaoMy belief has always been that There are no limits when it comes to success.

I feel this horrible situation is kept up by the false belief that agents are taking care of you, when in fact they likely only present you with properties that give them higher commission.

So many new investors are only looking for "off market" and wholesale deals- the fact of the matter is that 95% of the residential real estate transactions occur through the MLS, and contrary to popular belief, you can find deals there.

But with my belief that the market will dip, a 10% margin gives me some buffer.

@Russell Brazil is exactly on point, 2% rule works when the properties are cheap cheap cheap.The rule stems from the belief that (a) half of gross rent will go towards expenses, and (b) .6-.7 of the rent goes towards the mortgage payment. 2%-1%-.7% = .3% monthly profit.It's a very conservative formula, but just explaining why some investors stick to it.

Therefore, it is my belief that a 3-5% Cap Rate with a Strong possibility for appreciation and a hassle free tenant is not a bad investment.

In real estate at least you have some control.My belief is real estate will nationally echo the health of the US economy and local demand will be driven by many factors. 

:@Ken VirziMost of the time I don't particularly like Jim's business beliefs or philosophy and I've said as much to him here on the forums conveying my disagreement with, I hope, respect.