But, if there's some local driver that will cause prices to increase, and the significant negative cash flow can be handled, then maybe there's a deal here.

That is why I was asking what the bank in first position had to gain by discounting since they are still in the drivers seat.

Verizon and ATT/Cingular require a driver's license, so there goes your anonymity.Tmobile is expensive.

I want to see very juicy cash-on-cash returns on RE investments.Now, given that long term Cash-Shiller data shows inflation to be the ONLY driver of house prices besides changes in lending policies, you'll likely get this amount of appreciation and more.Don't get me wrong, I have RE investments.

Originally posted by Account Closed You should have come to the last East Bay Sunday meetup, it was all about OOS, but the presenter shared that cool litmus test above (where you invest passes with flying colors btw) that kind of guts the standard "turnkey provider" model.Another market not far off, Stockton, same test as above - steady income (rent increases will likely at least track with inflation, if you zoom out to the 10 yr horizon), gradually increasing population (a driver of asset/home appreciation, 10 yr horizon), 2-4 unit properties still affordable.Do it for Oakland and obviously you will see incomes through the roof, population gradually increasing, but sticking point will be the prices present a barrier to entry that not everyone will be able to handle. 

I am going out to look for some kids with a drivers license right now!

Demand does not always increase but in general, prices rise as demand increases and prices decrease as supply increases, and vice versa.Interest rates are actually one of the main drivers of price, as they have a direct impact on purchasing power.

I was just involved in a $10M deal where the driver of the deal did not have money in the deal.  

It is only a matter of time before the resident default to previous parking habits so I would recommend putting in lines as the long term solution because drivers are conditioned to park inside painted lines.

EX: Hotels, trendy restaurants, and other key drivers that are responsible for the slow gentrification that we are seeing now.