For all the reasons why individuals are anti-turnkey (over inflated #'s, bad rehab, the way the area is sold vs. the reality of the area, lack of market knowledge, overpaying) can all be avoided through due diligence, studying and visiting the market and aligning yourself with an excellent team. 

My commercial property holdings are in the Dallas Texas area, my residential investments ( 5 high end high rise condos) are in the Phoenix, AZ area.  

I am no expert in markets, finances or anything like that.. but since the stock market seems inflated.. are we going to see real estate prices drop within the next year?

There is also the fact that making money in real estate in a rising market is pretty damn simple, and that it is when the environment is challenging that actually knowing what you are doing is important.  

Being born and raised in Sydney Australia I have seen real estate rise, rise and rise some more.

People have been saying interest rate will rise since 2009.

I'm staying cautious before betting the farm on rising rents just due to the incredible amount of inventory being constructed - 18,800 units forecasted for 2015.  

If you would take a cue from a few of the Japanese Carmakers.... 1) Toyota is moving the headquarters from Torrance to Plano Texas where property values are on the rise but still affordable in and around that area.2) Nissan moved from Torrance to Franklin Tennessee a few years ago where cash flow is very easy to find around that area as well.Cap rates here are very low but safe.

I have been telling people New Homes are not the way to go for a while now.On 10-17-13 I wrote:"With inventory rising and the market setting itself up to soften in 2014, brand new homes are looking to take it on the chin again.

It does make me ask, why does SF have such a volatile profile, while many other cities plod along for decades with growth near the point of inflation?