It's the silly little questions like this that drive me nuts!

Its educated gambling..... and you may hit a grand slam...or you may get punched in the nuts...... its personal decision on your risk tolerance.Sometimes that huge leap of faith and "screw it, I'm going for it" can reap huge rewards....and sometimes it doesn't.For every "I bought it sight unseen and its doing great", I would easily bet there are dozens that have been totally screwed...some of them don't even know it yet.

in our market here we build 3 to 4 thousand new apartment doors yearly. that's one city metro.. so this in itself keeps rents from going to nuts.. but the new construction depending on where it is is 100 to 400 a foot to build.. its a 100k to build one on the low end up to 400k for one 2 bd apartment in an elevator building on the higher end..when you can go to rural US and buy existing homes in some of these small bergs for 50 to 70k and in some small towns in PA for instance I have seen many for 10 to 20k.. does not take much there to be successful renting those out.. cost of acquiring them is more akin to being in the used car business. 

After the fee is paid, I still get billed about 2.5% payment processing, which also drives me nuts, because that's almost the same as what AirBNB charges altogether.  

Working with Companies like Comcast, AT&T, Sprint, NRG, Appliance Repair Services, Lawn Care, And now full time sell vehicles for Volkswagen as well as a fruitful used lot of Audi’s, BMW’s, Porches mostly foreign engineering.

But yes, this market is nuts.  

@Jay Hinrichs That's nuts!

Probably not, considering that 10 years ago it was the worse economic crisis in at least 70 years since the Great Depression.BUT, if those who did not understand that it was a FANTASTIC time to invest once the crisis was over, even if the same thing occurs, their risk intolerance will probably steer them to the investments that won't appreciate the most, and that is unfortunate.This is really about education in the long run.People have to add to their inventory of skill sets for an investor the ability to calculate and understand appreciation and other future values.It's the only way to get used to the psychology that things change in the future and where you buy can either capture that change if it's good, or avoid it if it is not.I just can't believe people make a decision on an Investment based on one single calculation for today, usually the Cash on Cash Return, and then completely ignore all future economics.That's like the squirrel that doesn't bother saving his nuts for the winter because he has a lot around in the fall when they dropped off the trees.Good thing squirrels can think about the future value of saving his nuts!

that’s nuts .

This is not to say networking with the right people isn't fruitful, but I personally like to be in control of all my deals.