I usually cracks me up frankly.. or even on BP some local dude here in PDX think he has this ultra hot deal but does not want to share the address.. and he wants to go have drinks and meet and all this crap..

I went into Home Depot yesterday and saw their vinyl planking (Allure Ultra).  

We install wired and wireless Ultra HD 4k camera systems by Backstreet and FLIR thermal cameras found here https://www.lorextechnology.com/site/TCX50PTZBW-1-...

Always give yourself "room" ,,, meaning be ultra conservative when calculating projected profits.

If the OP's thesis is correct then the ultra wealthy will simply employ an army of AI bots to scour the market for deals 24/7 and purchase it the same way that bots trade the stock market with little human input.  

I'm currently hooked on the BP podcasts and am learning a lot already.My wife and I are ultra-conservative financially.

The Millennium Tower is the ultra luxury condo building in SF and residents include Joe Montana & SF Giants Hunter Pence.  

So if my Contractors and detailed Inspection Report suggest I need $50k in CapEx in 10 years, then I may add another $20k in the 10 years and divide $70k by 10 = $7k per year or approximately $600 per month.Funny, you would think that a $3 Million, 3 Family building would be ultra-lux, but it's just a regular multi-family building in a good neighborhood in Brooklyn.

Since returns are based on LOCKED RATES it is ultra important.Now sometimes a buyer learns something with a property the last minute that affects the DSCR ratios and the loan terms and rate changes.

In this market it is ultra competitive and also very expensive.