It was a summary of a World Bank paper on the commonalities between the most competitive mid-sized cities worldwide.

Originally posted by @Charlie Moore:@Jay HinrichsI like how I don’t have to chase people for rent  that's simply systemic of your type of property and renter..that's why the price to rent ratios are ON PAPER better than higher quality assets you have to work to actually collect rent.we put a rental on the craigslist in Portlandia you get 30 responses first day.. all but a few over 700 fico and gainfully employedvery very little hud this way.. 

@Eric Fitzgerald good old fashioned pen and paper on the first monday of every month.

Not worth the paper they are written on.In summary I think the seller is jerking your chain & you are not the type of buyer who's gonna make any money here.

That's still a huge amount of loans.....I have a business partner who works with a company that does bank analytics for bad paper.. and they are still in business  LOL.. its a never ending cycle..

This is why we should always look for a robust cash flow in addition to value-add.The magic of leveraging looks so good on paper that it is hard to resist the temptation of over-leveraging.Get in with the premise that we should never HAVE to sell, and it should all be good...

In my initial explorations I like to get a couple deals on paper to know how to quickly analyze in, and what to expect from a market before making any actual inquiries. 

.- I narrowed my search to 15 properties that performed well on paper - I booked 2 days with the real estate agent (who I've been in contact with for the last 2 months) and he arranged viewings for 12 out of 15 of the properties- I booked a hotel and drove out there and we walked through every unit of every property.

.  :-)  Income was tax deferred because depreciation, expenses, etc. were written off against the income resulting in a  paper loss.  

We read the local papers, blogs, websites etc... we attend the local council meetings, REI meetings, basically we want to be experts in the area we invest in.