The mathematics of real estate remain the same, whichever the country.I get my deals through my personal relationships with local developers and my next step, as I just mentioned, is to create my own developments but with local experienced partners of course.

I think you got a pretty good buyout deal...I can see where the tenant’s lawyer came up with their number...I mean mathematically, if market for your unit is $4800 and the tenant was paying $3700, the annual difference is $13,200...I see good small multi-res in San Fran recently listed at 3%-4% caps with many selling for over list...if one caps the annual difference of $13,200 at 3.5%, then the starting point for the tenant is theoretically $377,000….So if the tenant didn’t really want to move, he could have held out for much more than $61K...Instead, your old tenant seemed happy enough to take his “windfall” and splurge on a $3800 a month (one bdrm?)

Mathematics 101.

Too many people pull marketing budgets out of thin air and pick a number they feel comfortable with... which immediately puts them at a disadvantage vs. using math to find out what budget and max cost per lead will lead to mathematical success.

Mathematically given the higher debt costs we should see a 40-45% correction in values. 

So mathematically, you will make zero deals sending 100 mailers.

@Pierre StreatI am assuming you mean this spreadsheet:No.... that's not what the previous post is about.That post is proving Mathematically that if you buy a Property:1) Do not get ANY Appreciation2) Do not get ANY Cashflow3) You have a 30 year fixed rate Mortgage4) And you hold the property for the 30 yearsAT WORST.... the COMPLETE WORST... is that you will make 10% ROI annually.The whole point of that post is to demonstrate that while the Cash on Cash Return is ZERO, that doesn't mean you don't make a Return.

Payments are still coming through on-time at the moment, but that won't last forever, thats a mathematical certainty.

I'm a fan of not carrying (much) debt.The whole don't paydown low IRs thing make mathematical sense, but the behavioral aspect is completely void.

This is data-backed concrete mathematical proof that you are wrong.Someone having dealt with multiple evictions doesn't somehow increase the probability they want to sell below market value.