I could buy another property now with the cash and do the rehab at my own pace and end up ahead .

Halifax incomes haven't kept pace with home prices.While these are all based on single family homes, it can't be much different for small apartment buildings based on your description, Nick.So if it were me, I'd sell.

And just had got my 3rd one under contract todayin a nice area thats only 10 minutes from home.The third one will bump me up to 17 sfh's.The financing seems to really have opened up some recently.Not getting anywhere near as much pushback from the localbanks and I think I finally found a broker that can do 5-10 again - although I only have 2 conventional sports left.This year is on pace to be a fantastic year.

However, it is enough to fund new purchases just not at the pace I would like.

Our vast audience is compromised of real estate investors, agents, lenders, bankers, legislators, homeowners, renters, and other real estate professionals and service people.The site gets hundreds of thousands of unique visitors a month (currently close to 350,000), and we're continuing to grow at a great pace.

I have a builder friend locally, GC's at least 30 homes a year (or maybe it was on pace for 50 this year?

It may look like there is a lot but much of it can’t be built on, some estimates have the available supply at about 7 years based on current pace of building.NOTE: I wasn’t calling your thoughts herd mentality, just the idea of people hopping on the next bandwagon and looking for the next great area.

all the ones i closed almost didn't happen because closing attorneys here are not used to high paced closings.

Well... my background is mainly in the healthcare industry... mostly on the Business Side of it.... but I really have been looking for a change of pace.... there is a lot of opportunity and money in RE which has really caught my attention...

In a nutshell, residential sales volume is down, but prices rising, although at a slowed pace in most areas.Rental rates have dropped slightly, and there is much more availability compared to a year ago.Here's the most recent Honolulu Board of Realtor's stats:http://www.hicentral.com/hbr-stat.asp