Timing the market at the micro level is a crap shoot at best.Now, having said all that, if you are going to continue to buy in this market to hold long term, then for the next couple of years at most, I would buy with 25% down.

Bill Gulley Would you mind translating your last comment down to that grade level. I

He is my dad's age and very generous.As I was trying to decide whether i should continue to rent this property or sell it, I noticed if the last 12 month appreciation where to happen in the next 12 months my home would appreciate another $100,000 back to the level i had bought in 2006.

I bought a HUD in Ohio as a o/o I'm trying to get a reverse Mortgage,203k?

@Jason Grote Great question by the way.Like you mentioned, considering all parties named above with the same experience level, I assert Real Estate Brokers have the edge over appraisers and investors because they have do a CMA every time they get a listing to justify their asking price.

Until that comfort level is earned we do have mother hens (yes, I'm one of them) here who try to protect our newbies.

My comfort level is pretty low at this point.

Conversely, when vacancies occur in the residential apartments above, the store at the street level is thriving and revenues can offset a loss in rental revenues.

I hope to gain a lot more knowledge in this community, and in a few months I will be a teacher and inspiration to others in my current position as I gradate to the next level. I

In the end that comfort level is a deciding factor.