For example I could buy a property in my area for $150k that rents for $1000/ month with moderate appreciation (maybe).

@Carrianne Mucho  I have been flipping in SAC last two years as well.. moderate success..

Is there not a moderate that loves America, loves Americans, and loves American diversity?

Examples: Great Location + Poor Condition = Moderate Price Poor Location + Great Condition = Moderate Price Great Condition + Great Location = Great Price If you already own the property, the location is fixed.

Minh,Yeah I think the fed is moving toward there version of austerity; financial repression:http://www.imf.org/external/np/seminars/eng/2011/res2/pdf/crbs.pdfIn which case the erosion of real-estate debt by moderate inflation, will be useful; assuming they can keep a handle on things and avoid the mentioned one scary wrench that goes counter to the whole cash-out refi repeat strategy; but yeah it’s in the feds interest to avoid deflation at all costs too; lets hope they can.That’s a good point on re-financing at rates lower to increase cash flow; you would also have the added value of that inflation lowered debt ($100 of debt is now $95); making up some of the 10% market correction.

And if the returns are as good as people say in Chicago (in moderately good neighborhoods) than I would be happy to talk further about working together. 

For those of you don't believe that we ALREADY turned the corner, here is ONE OF several listing that I ran into that are listed below that 2015/2016 purchase price...In San Francisco....A location....Removed by moderator due to it being wrong link. see post below

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.- I have aboue 10-20k that I could put down, but that would basically exhaust cash reserves- A 50K mortgage would be payable out of the excess earnings from my business with a moderate margin of safety (after paying the rent for the place I live and work out of, see note below). - While I haven't been pre-approved yet, I've been ballparked at 125K as the max loan I could take out.