I think those people are very few and far between.In my opinion you have to weigh the risks of expanding into a lesser known area vs expanding to spread around risk.

Their formulas are based on real data but with irreleant combinations.Those sites have valued my properties with $30,000 differences between sites.Thats a huge spread when they are only worth about $100k.Dont believe wholesaler prices, dont use free websites for determing value.Verify, double check, project worse case and use the lowest avgs.

I bid a lot at trustee sales and do find an error here and there but the media has made this a much bigger thing than it actually is.

You will ultimately regret what you are doing just like the media will ultimately regret its sacrifice of reason, its abandonment of its primary purpose.

I'm sure you realize that financial experts are not the administration nor are they actually part of the media and that financial experts have occasionally been wrong in the past.The second link you provided is titled, "Obama sees US economy moving from recession to recovery" and neither of these articles confirm your original claim that the media or the administration are saying, "that the recession is over" but you certainly knew that.If it makes a difference to you, I did not vote for the president, I do not support a lot of the policies this administration is implementing but I am willing to give it a chance, because, in the final analysis, that is what we are going to have to do, isn't it?

The HOA's are worse than ever and whole neighborhoods are being transformed by too many tenants and multiple SUV's spread out accross what used to be grass in the front yard.

http://www.biggerpockets.com/files/user/EOD_Investor/file/property-evaluation-spread-sheet-1-4-unitsI might be considered soliciting, but this is a 1-4 unit calculator i made for quad's.

Each with a healthy spread, each house purchased straight off the MLS.

Your breakeven occupancy will be better than a duplex.You have more units paying the mortgage that way and the risk is spread out among 3 tenants performing instead of just 1.

Once those pests show up, they can spread to the rest of the complex and infect other adjoining units.