What would you include in your answer in terms of determining if it was high/moderate or low crime - Kahala or Waimanalo, Kapolei or Chinatown, Waikiki/Diamond Head or Mililani?

Where's the Moderator When you need them?

and I will come to realize it's nothing but a moderately complicated paper shuffle (knock on wood). 

Moderate 7k/2week rehab with an ARV of 60k.Your ebay example, where you just set your max bid is a great example. 

For example I could buy a property in my area for $150k that rents for $1000/ month with moderate appreciation (maybe).

@Carrianne Mucho  I have been flipping in SAC last two years as well.. moderate success..

Is there not a moderate that loves America, loves Americans, and loves American diversity?

Examples: Great Location + Poor Condition = Moderate Price Poor Location + Great Condition = Moderate Price Great Condition + Great Location = Great Price If you already own the property, the location is fixed.

Minh,Yeah I think the fed is moving toward there version of austerity; financial repression:http://www.imf.org/external/np/seminars/eng/2011/res2/pdf/crbs.pdfIn which case the erosion of real-estate debt by moderate inflation, will be useful; assuming they can keep a handle on things and avoid the mentioned one scary wrench that goes counter to the whole cash-out refi repeat strategy; but yeah it’s in the feds interest to avoid deflation at all costs too; lets hope they can.That’s a good point on re-financing at rates lower to increase cash flow; you would also have the added value of that inflation lowered debt ($100 of debt is now $95); making up some of the 10% market correction.

And if the returns are as good as people say in Chicago (in moderately good neighborhoods) than I would be happy to talk further about working together.