If 20 people each made them 5 times a week, that would become fair market price and they wouldn't be deals any more.Yes, I have bought houses with $100,000 instant equity.

It is impossible to call the exact bottom and very difficult for most people to buy an entire portfolio at any given instant.

Would you rather have instant equity now (from buying at a discount in flyover country) or the hope of appreciation (not working so well now in a lot of the former hot areas).

I agree with PNW, I would also look for distressed properties (minor cosmetics only) and motivated sellers to add instant equity.

Increasing the rentsIncreasing the laundry incomeAdding a pop machineLowering the vacancy rateLowering the expensesConverting a storage area to an additional suiteUptrend marketMay all instantly increase the value / price of a commercial apartment building allowing a refinance or 2nd mortgage to pull cash out.Thats the power of commercial real estate!!!

14k instant equity according to zillow.

Then, the lower the price and it disappears instantly.

The rent includes everything which has made it instantly attractive to short-term renters (minimum 4 month leases which converts to month-to-month.

Tenant web marketing/ data base, it is a big plus if you can instantly provide a stream of prospective tenants for open or opening units.

I instantly had the arbitrary thought all investors experience... hmmm I wonder how much they want for that.