The desire to want to believe trumps logic in these settings.  

Back in another life I was involved in the stock/bond brokerage industry and while I don't always agree, I can see the logic behind it.   

(Well, at least the ones I own today).To me, if you're looking to hit the historical numbers for appreciation, I don't think you'll be too far off - provided you give it the 20 years.If you're looking for appreciation is the 7 or 8% range, then you better be incredibly good at picking an individual market as the numbers, historically speaking, don't support that kind of logic.

@Althea Herlock - Welcome to the vibrant BP community.Your objective is to learn as much as possible in a short time, but, I hasten to remind you that REI is not a sprint race, but, a marathon.Yes, as a New Yorker I clearly understand your logical reasoning for making the transition to Atlanta.Good luck and best wishes with your REI activities.Below, are some links that will get you acquainted with buy and hold as well as flip transactions.http://www.biggerpockets.com/renewsblog/2014/01/07/flipping-houses/http://www.biggerpockets.com/renewsblog/2013/02/22/buying-rental-property/Lastly, this site thrives on interactions.

I am not an attorney - but logically;  this idea just has to be patently false.  

Jon Holdman May I ask the logic behind having that paragraph in your lease?

Poor people make financial decisions more with emotions than logic.

Then the next logical question it asks itself....Why do we need new people?

Jawsette - If you had ever studied logic, you'd know that you just employed a logical fallacy known as "affirming a disjunct."

Intelligent design is the only logical answer.