I used to, but given the way the Fed has manipulated rates and asset valuations, and the frontrunning HFT algos, I think what many would consider "normal" stock valuation (Gordon Growth model, DCF, P/E ratio and such) holds no water anymore.

It seem the PE firm also has quaterly returns.So how does the taxation work on this?

As suppose to buy an existing apartment complex with 42 units, this are being build from scratch, and I'm sure it will need a PE (Professional Engineer) stamp and signature.  

Personally, I'd be more worried about stock valuations (where you are currently) than real estate (look at how much the stock market dropped vs how much BA RE dropped last downturn, and stocks are arguably more overvalued today than they were then, PE 10 = 16 mean, 27 in 2007, 29 today), and more concerned about investing out of state than either.

Everybody was pretty much sitting on the sidelines for 6 years except for flippers and PE firms picking up bulk REO's and turning them into rentals.  

Watch out for Granite everyone.Capital Call Facilities:Most large PE funds raise money from investors, however they don’t collect the cash from their investors upfront.

What a great feeling for me to coach PE in my day job in San Diego and know that I don't need the job.  

Amazon is currently trading at about $1500 per share and a p/e of 84.

Might want to consult a PE before severing a monopoured slab/footing... addressing one problem may create another. 

Evan Parkinson please PE me.