Although I watch the market as a curious observer..

You give us permission to discuss our observations with real estate agents, owners, repair persons, or other interested parties.

Also, property prices can't go to the sky because of affordability so the capital appreciation potential of the most expensive US markets might have been reached for some time, especially in our new world of high interest rates.I agree with you, your observation about Airdna's comparisons being somewhat of a misnomer has been my experience in south america too.

When you say mot taken action yet was a good observant.  

I don't have such deep knowledge of Philly as this, but this outline certainly correlates with what I have observed.

The seller even signs a document so stating (no duress) in the closing process.The only "slime" in the scenario - if any - is that which is inserted by the observer. 

I'm actually interested in this question too, so would like to hear others input...perhaps I dont know enough about this residential commercial space, but sofar dont know how a cap rate wouldn't be one important metric to consider (among others), especially if speaking with a lender.Just a 3rd party observation to the discussion. 

From my observations looks like his rent price is slightly above whats going in the area. 

Hello @Adam Zach,Interesting observation.

My experience (observing the markets and working at hospitals) taught me that you shouldn't let dreams of real estate success stop you from pursuing the things you want today.