I too am in the medical field fresh out of college (CT Technologsit) and I am looking to get into investing.

The high price is already baked into it in anticipation of the appreciation.By the way Jolene, I have a rental property in the midwest because it was less competitive at the time and lower barrier of entry. 

Like @Andy Sabisch said - Landscaping and some fresh paint are both fairly inexpensive and will do wonders for any house.

Today's RE prices were baked in at say 3% interest rates.

It’s a breathe of fresh air to speak to someone that will understand my situation in this area and I really value your opinion.

I got a medium sized box and bought some quarts of beer, small bottles of liquor, soda, beef jerky, pre-cooked bacon, fresh fruit, Hustler magazines, work gloves, etc.  12 items altogether. 

There’s enough knowledge here that my half-baked responses probably don’t serve much good haha, I’ll stick to questions about commercial loans!

Someone paying $1200/mo will expect a clean/fresh place to live.

In an excellent school district, probably a B or B- neighborhood, 20 minutes from Scott Air Force BaseAsking: $115KPurchase: $97,500Terms: 30-year fixed, 6.625%, 25% downWill require a fresh coat of paint and some minor cosmetic updates, but nothing too serious.

If the cap rates peak out in the next year or so wouldn’t it make sense to invest in fresh deals at that time that can take advantage of the higher cap rates?