My wife is a real estate agent and has a former client (who she sold a home to) that has tasked her with finding 3 new construction single family homes that he can purchase around the Atlanta area in the range of $300k - $375k apiece.

There are high rise condos being built in the major cities that range from $50k up to $800k. 

In some states recently, courts have ruled that as payments are being made by borrower, he acquires some additional rights and at some point, when the borrower has acquired a varying amount of equity in the property - usually in the 20% range - he/she is to be treated as owner and then the eviction has to be done through a foreclosure, but until such time (it is different in different States) , the borrower is legally considered a tenant.

It’s a unique state in that it doesn’t allow non renewals without cause.

However, the realtor kept showing homes that were way out of my price range.

Regarding asset prices, I realize the SF Bay Area is a unique animal (geographically constrained land, bound by oceans and mountains, and it has Silicon Valley as well as difficult development requirements - it's a unique ecosystem, that's for sure) but it doesn't seem to me that rent control has negatively affected prices that much.

@John MillsFurther, properties with an ARV of $200k, needing only $15K of work, don’t sell for $100k, they sell in the $140k+ range.

Having worked at an appraisal management company and overseen thousands of assignments, the $5k price undoubtedly reflects a commercial, complex, or unique assignment, however, it seems high.

The team approach works and often can attract more capital because you have a wider range of experience and background.

Investor comfort ranges are wide.