It was a supply / demand anomaly created by improperly controlled lending.

I am also going to give the Tulsa REIA another go next month to see if this was an anomaly or if this is par for the course.

If you are wanting to play it safe focus on areas that were not flood or flooded but it was an anomaly.

Normally, in instances like this I make my assumptions using Occam's Razor.Is this a common problem across the industry or did I just happen to run into an anomaly?

Maybe NYC or San Fran, but it would certainly be an anomaly to have a property with a rent ratio of 1.25 and a building value of 20% of the purchase price."

If someone has a deal THAT good, in a market THIS competetive... it’s likely they have reliable financing relationship already well-established and the lender knows they’d be screwing themselves out of future business by screwing over a proven operator with an established track record.Are there anomalies?

Likewise, today just happened to be an anomaly, ha.

This anomaly described above will give me the power to do traditional flips, it won’t be easy but it will be worth it.

what I find very unique right now Ned is the amount of HML or private money companies led by large hedgefunds investing in these HML companies have driven these private rates down to 10% apr or less.. so to only have about a 4% spread between bank money and HML is quite unique in my experience over the decades.. other than the high interest mid 80s anomaly.. 

I suspect that we need to understand the following:The market has been good (not bad) for real estate investors...we should be celebrating.2010-2014 was the anomaly, not now.