If you would have purchased at the very peak of the market and sold at the very, very bottom, you would have lost 19%.

The condo will have monthly association fees that will significantly eat into your bottom line once you move and rent it out.

The easier it is for the applicant, the more likely you are to get the bottom of the barrel.

given the above two charts, massive supply x 13 years, falling rent growth rates x 18months, would guess rough times ahead for US Multi-Fam next 2 -3 years, but doesn't look like we are near bottom of the cycle yet?

after about $550,000 in remodel costs we reopened the wash under a new name with new logos and branding. we introduced targeted online marketing ads, negotiated wholesale pricing deals with local car dealerships to offer a year of free carwashes with the purchase of a new vehicle. created a monthly newsletter and sourced emails from local businesses. all in all I would say we double or tripled the bottom line numbers of the business in six months and boosted google reviews thru the roof!

Bottom line is that it's a learning process.

Last time I checked, there were hundreds of spreadsheets and I'm sure many of them are designed by/for flippers. https://www.biggerpockets.com/filesYou can always find fileplace at the bottom of every screen, left menu.I also recommend you go to etsy.com and search for "house flipping spreadsheet."

I think that we will see it hit bottom in the next 6 -12 months. 

The number one topic I always have with investors who do not know our market is that the bottom of the barrel is really fool's gold.

Keep in mind GDP is not income and taxes, thus we are far above our economic spending level.Drunks, drug addicts and gamblers have to hit bottom before they will self correct.