I remember when they put this is place in Portland, OR and there was a ton of interest.  

It's very likely, you got played  fair & square per the letter of the law but if it makes you happy to scream at the top of the mountain go for it.

I remember seeing it pop on and going "no way, that's priced ridiculously high."

This, in turn, allows for higher rental rates or quicker sales, directly impacting the ROI.I could remember when an investor purchased an old, three-story commercial building at  a bustling downtown area.

I agree with @John UnderwoodI remember you posted about arbitrage last week. 

Remember, the learning never stops!

Typically by the time it reaches the MLS, it is listed at retail value, and you're not going to get a screaming deal, although there are those diamonds in the rough and my team frequently does "fixer" deals off the MLS.

First off remember the phrase "Once a mobile home, always a mobile home".

Just remember in Chicago an eviction takes 6-8 months.

This scenario is determined by the condition of lead-paint and the cleanliness of the unit (remember, we are dealing with dust and paint chips - less dust = lower levels).