Also it doesn't always hold true in really nice parks and/or California, florida, or east coast as those parks tend to trade at a higher price and lower cap rate per se. 

There are still some pockets on the SE part of the city where you can find good deals.

My ranks have not changed, and all sites as far as I can se have suffered.This makes me believe that MOZ did a poor job crawling this month.

Opportunity funds have make absolute killings and I have bought stocks this way myself.We haven't seen a lot of the latter camp in this thread, but a few proponents raise the idea of a hybrid, that doesn't try and time the market per se, but always keeps some capital around in the event that a great opportunity pops up.

If it’s in SE it’s even more.

Not a great deal per se, but the area is growing with some cool millenial-oriented developments.

It was bought before I really learned anything about REI, so we didn't "make money when we bought it" per se.

We may not have another bubble 'pop' per se, but it can't go on forever with 10-15% annual appreciation.

Now, for a beginner, my classic approach is to house hack because you get some hands-on experience with most facets of real estate investing without fully jumping in per se.

Developing the lots and selling them as an S-Corp will allow you to avoid some of the SE taxes as well.The amount you sell the land to the S-Corp will be the cost basis of the "inventory" (the lots).