Another factor is the follow the herd mentality - people just think the RE prices will continue to rise in perpetuity.As we all know, increasing RE prices cannot be sustained and will eventually revert to their mean.  

You will not find a sustainable flow of deals on the MLS.

Do you guys have any other feedback in terms of sustainability of the rental for an older home?

I've already joined a couple groups via "Meetup.com" And am looking to develop a sustainable residual income from this new "whole-sale'ing" method I kept hearing so much of..I'm here to learn anything and everything I can and hopefully meet partners as avid as I am about making this happen!

By law public adjusters can only represent property owners while company adjusters can only represent the insurance company.We can recover settlements for damage, theft or all kinds of other losses sustained at the bank owned property(s) you are buying.In the past, (late 1990s) we represented a couple of lenders directly and did quite well recovering more than 450K in a two year period on about 15 of their properties.

The #1 key to real estate investing (IMNSHO) is consistently applied focus over a sustained period.

As I have stated before, I think conods should be left to those who are expereinced investors of which, have a market that can sustain positive cash flow after accounting for the additional HOA expense, and those who can afford to hold for the long term.Most of the anti-condo comments come as warnings to newbies trying to get their first deal done and they try condos first because of lower acquisition costs, unfortunately, they do not have a full understanding of the investment and that is the reason they end up taking it in the shorts.

May be $3K a year fees to sustain. 

Would love to hear your feedback of where you think is the best STR region for long-term sustainability and high COC return (with my budget in mind).

We'll be tapping on the floor to see which areas resonate most, and affixing the gyp-rock to those spaces.