But @Mark Gagner seems to be doing well with it in TX..Regarding other "appreciation" markets, Austin has been on fire, and has some unique "hot" characteristics like the job scene, tech, desirable for young folks, location, etc.

The simple fact that the 50% can move from 100% to 10% depending on a host of variables unique to each particular property makes using this rule kind of pointless in my mind. please correct me if i am wrong here.

What niche are you interested in @Nicholas Lee ?

Hi All, We have a unique situation in my community in that we have a known Guru who is running the local REI club.

I'm still trying to figure out my niche in commercial R.E. but I have narrowed it down to apartment complexes or mobile homes.  

Do you have some niches you want to research further?

There are no mines or oil wells or unique geographical features driving the growth of the greater NYC metro -- just people.

You might consider Niche or Specialized Housing like student housing.

Soon I will be representing a very tight niche in Hunting Land and Farm sales.  

For instance, I'm an accountant, and I can tell you that from the information you provided, a LLC may not be the best entity for you to use.I guess where I'm getting with this is that everyone will have a niche area of expertise, so it may be better to have several "mentors" rather than just one.Just my two cents.