What have you been studying, and what do you know more about?

I would do a quick study of rentals around the area to see how the interiors and exteriors have been designed.

I've read that Absentee Owners get multiple offers every week in some markets.Two new lists that are proving effective are Homeowners with Low Financial Stability Scores (FSS) and Seniors with Long-Time Ownership.Good luck

:Are you giving enough weight to population, population trends and income levels/trends in those areas you are studying supply in?

I’ve been doing my research, studying, and have saved enough to place a down payment on a property I’ve been looking at.

I was wondering if anybody else was studying for the real estate state exam in the Fresno Ca area.  

Can they prove how long it takes to rent a vacant property?

The problem is you don't know the condition when she moved in and have no way to prove what it was like 25 years ago because you didn't even own it.

I would venture to say that what you are describing is that speculators have been buying up lots in Kensington (speculators do such things because they are using money to purchase items that they think may do this or that), but investors are only the ones who purchase based on what the market is proving a willingness to do. 

I wanted to get concrete as to what numbers I'm going to consider in my newest market, where small buy-and-hold MF are currently selling at around the 1% rule (a $200,000 duplex gets around $2000 in monthly rental income - these numbers have remained consistent over the past 18 months ever since I first studied this market).1% doesn't excite me much and I decided I'll buy starting at around 1.5% (they currently have some small duplexes approaching this number but they're small and aged) - I want a larger MF or at the very least a newer build duplex with more SQ.FT. so I'm getting good rent while minimizing expenses.