It doesn't take long to learn how to spot a good deal.6.

. - the best market is one that has properties you want to hold long term.  

If you are selling to the group that has their own cash, it's a long wait.

Don't get into a long drawn out - knock down & move the walls type of project as a newbie.  

In the near term appreciation is not guaranteed, but over a long hold it has been a virtual guarantee as it has occurred for every 12 year period going back to start of price records and the 12 year was the Great Recession. - equity pay down is significant on expensive property.So if using 50% expense ratio, if you are less negative than market rent, you are likely doing better than most local RE investors.  

For example (all data YoY)Wisconsin 6.01%West Allis: 1%Wauwatosa: 11.9%Shorewood: 13%City of Milwaukee: 11%West Allis stands out, because it has been the HOTTEST market last year, so looks like it's consolidating this year.The April lunch&learn for the RPA will be about Milwaukee rent growth and increases.

We are in it for the long game, so we felt it was right for us. 

We made the mistake of thinking the person who charged less was the better option, however in the long run we spent more.

Compare/contrast 65% v 70% LTV terms to see if that last 5% is really important to him."

Thank you for checking this out… I hope this information is helpful to you or someone you know in the New York market.If you are interested in 2-4 unit properties in Queens, Brooklyn, the Bronx, Westchester or Long Island, this will give you a sense of what is happening in the NYC metro area.How ‘hot’ is the market?