Prices are inflated beyond what a discounted cash flow model would say the investment is worth.This is also a big part of the reason why multi family dwellings (MFDs...for the other poster that asked) are more desirable from my perspective.

David DuongHi David,I have a pretty good perspective having worked with SunTrust the past 7 years and recently with a Correspondent Lender.I think as they say "it depends on the carpenter not the hammer"I know how SunTrust prices their rates - so when comparing apples to apples I can look at their wholesale rates and I can get one much better rates on my side now.

From my perspective, not very.

Thanks for your perspective and congrats on your 100th post.

First, you need to know that my goal has never been to replace my full-time job so I have a bit different perspective than you may have - I have a good job that I enjoy and RE is merely a place to put some extra money for me for diversification.

Narrow down what you think your perfect house would look like (from a number's perspective) and then get in touch with people who can help you find deals.

Unlike previous housing recovery, where interest rates moved higher in the last 2-3 years of the cycle, interest rates have been trending lower for this recovery.To put things in perspective, When HAI is in the 40's, it indicates we're at the bottom of the housing market for Santa Clara county, and 15-16 indicates the top.  

You're correct from a cash flow only perspective, but not from an actual increase in wealth perspective.

But the perspectives on this seem to be pretty back and white, much like the property management offerings themselves.

It has put a lot of things in perspective for me.