There was a line, I was 3rd maybe, ran down to bank to get cashiers check, raced over to PM and dang that bank stop killed it.

Then all bets above are off and we're off to the races.   

It just might seem like its on decline because most of the newbies that hit the ground running in January, have since burnt out and left race.

Louis has perhaps the worst race relations in the country, the Ferguson riots were not that long ago.On the other hand, the homes do all look good on street view, and I know there are investors out there who have learned to successfully play the Section 8 game and get better returns than buying higher grade properties at the low cap rates available these days.What is your specific and general advice to do my DD on this, especially if you know the area?

At least it seems there has not been a race to the bottom to try to attract tenants. 

The discounts are getting quite large, and when one developer puts it on a sale the other starts the race to the bottom.

If you begin searching for GC's after the offer is accepted, you are essentially racing against the clock to get everything accepted and completed in time.

This plan is a slow and steady wins the race plan.

On the othe rhand if your property looks like something out a Golden Girls episode and the top competion is well designed and nicley appointed then you will have to compete on price and at that point its a race to bottom.

But one thing I left out of the article is the overkill part....specifically about how it's really putting the cart before the horse if you are just starting out.