When dealing with interest tracing, I feel like that guy who knocks on the windows of cars admonishing drivers for not using turn signals.

That large of a radius provides communities with different financial drivers and fundamentals.

KC  Indy  Northwest Indiana  parts of MS  GA AL are all pretty comparable in property taxs  but I would say that is one component.. if the purchase price to rents still work.. and you really like your team .. and or the particular asset.. then if it works it works I would not let property tax's be the ultimate driver...

@James Driver - I suggest you check out the biggerpockets forms (http://get.biggerpockets.com/forms/index/). 

I, myself, have never understood why a seller who lists a property for sale (esp if it's for 'testing' purposes) would get mad at an offer or consider one rude but it does seem to happy a lot.

An operator may need new capital, or investment, to renovate or re-purpose a building to make it more desirable and drive rents higher.

Then when the mailers dropped I had a bunch of mad people call me.

I got a lot of weird responses like “let’s meet for coffee to get to know each other first” (talk about a huge waste of time... ma gosh..) the weirdest was when this listing agent wanted me to send over my drivers license first because of “safety reasons”.

They have 2 drivers in the house and I believe 6 cars that only 2 are decent. 

Originally posted by @Michael Kolaghassi:@Jim Cummings you are correct, however I have heard it been said by a former CEO of Wells Fargo (not Stumpf) that housing prices are somewhat inversely related to interest rates, when rates rise prices seem to decline since people are chasing a monthly payment.My first loan was something like 10 3/4% percent for a variable rate.What I think you will find is that interest rates have hit an all time low, and that as other posters have mentioned, 1) you dont know when the correction will happen, 2) The driver is the interest rate.Take 2 scenarios.1) property price is $185,000, interest rate is 5.0% on a 30 year fixed (P&I):  the payment is =$993.122)You wait 2 years and time the housing market perfectly on a 15% correction so the property price is $175, 000, but interest rates are now at 6.5%.