Looking to start local and navigate through the inflated market before setting our sights out of state.  

Let appreciation and inflation pay down the buy and hold for the long haul.

Majority don’t have real deals, don’t have the properties under contract, inflate the ARV and comps, underestimate the rehab costs, etc.

On the positive side, in Flat Rock,  Ford Mo.

This is a property that is near a university, so technically it makes sense to me, but it(in my opinion) grossly inflates the value of the property.

In my opinion, inflation rates are extremely understated, please see these two articles that drive the point home:http://www.businessinsider.com/if-people-knew-the-...https://www.zerohedge.com/news/2017-05-09/devonshi...Essentially, in times when the dollar is depreciating rapidly, in our situation due to excessive years of "easy money" and quantitative easing by the Fed, low fixed-rate debt is the best tool to combat inflation.

They want to charge you all fees incurred in the sale, so realtor commission in your auction fee and large closing fees unless you chose title and then you pay both title and closing which is about a wash to their inflated closing fee.

The fact that owning the bricks and mortar is actually a liability not an asset as equity grows and ROI diminishes to the point of no longer keeping up with inflation. 

You will start hearing inflation is real now. 

It's interesting, because I've stayed with the PM for a long time because I do trust them, at least in the sense that they are honest and would never steal and don't do things to purposely inflate prices or anything like that.