Dave ramsy has a plan ... a framework.

The Board is made up of individuals who have agreed to work within a certain framework (and pay a grand a year to do it).

Unless you are on an interest only loan, your tenants will pay down your principal balance for you over time and you will eventually be left with a free and clear property or the opportunity to tap the equity without selling via cash out refinance.The beast way IMO to combine all of these profit centers in a single analytical framework is to make some fair, conservative projections over the life of the investment and compute IRR.

The market is "overvalued" within the framework of a given metric or set of metrics only, and most real estate investors do not compute those.

My comments are the layman's who has had to do this, and simply the simple steps I used to accomplish the task, but the net of it is, "let a professional do it".Good to understand the framework as an investor/owner, but I sure don't need to concern myself with the nuances, that's what were all building a team for.

The best way IMO to combine them in a single analytical framework is to project out the financials and compute the IRR.

To be quite honest, it's totally different environment than from what I am use to i.e. urban/density/grid layout, as oppose to sprawl-like framework.

Hope this helps put some framework around some of the things you should be thinking about.  

I use the rods as I fear without curtain rods they'll be a tenant standing on a rickety chair hanging curtains by pounding nails in the framework to hold these in place (the ONE house I did not add these the tenant use thumb tacks; I guess she didn't own a hammer).Gail

EDIT+++++Exclusive within the framework of that transaction, not exclusive as in not having other buyers and sellers for other properties++++Good Luck!