They then adjust for conditions and differences in the property.

I think the market conditions are playing a huge part.

Site located right across the street from tourist train depot depositing upward of 50,000 visitors per year.Buidling renovated with new systems about 10 years ago - pretty good condition, etc. 100% leased presentlyRents (6 tenants) - $42840 ann.Expenses - Management - $3500Taxes - $2000Water - $720Insurance - $3500Vacancy $3500 (+/-)Repairs $2500 (tenants responsible for interior maintenance - LL is only shell of building and HVAC systems)No common area utilities - all seperate meteredNOI - $27120 (8.34 CAP) - with zero down.Although it shouldnt matter in the deal eval., seller has agreed to finance $100 K (on a second to close after I do the first mortgage) at 0% interest for 5 years (principal pmts.

maybe they made a mistake or something...the condition here in the Philippines is changing annually...few years ago, christmas was cold, recently, it was like summer time...

As for buy and hold, get an area that will appreciate fastest in this market...You can retire early :DWith the lending market continuing to tighten, the increased housing inventory, and the recession, it is much more difficult and "risky" (very loose term) to flip in these market conditions.

That woman is on social security, on section 8, and uses food stamps.

You know you're a real estate investor when it's 3 a.m. and you're on Bigger Pockets because you don't have to report to a job tomorrow :D Man I need a social life.....

This money currently earns me about $2250.00 a month but it's PV could diminish if market conditions change making me look strongly at Multi Family RE.The money is in my S corp that is not related to REI.My CPA says to take a Distribution and form an LLC for REI.

What are the local market conditions?

So many people suffer from a condition known as “paralysis by analysis".I have observed too many people strangle themselves with the "What if" game and act as if they are performing due diligence!