We should be ENCOURAGING individualism & capitalistic entrepreneur-ism in this country of all (legal) kinds, not criticizing or repeating misinformation about them.

Choosing one city amongst a list of good cities is not a critical decision. 

And every operator should welcome such criticisms and be given a chance to remedy the situation without the interactions turning into slinging personal insults.

Having the right company to manage it is critical. 

Tax assessment is pretty low for the area for some reason and that is a critical factor in realtor.com estimate.

It is always easy to criticize, but the real work is in trying solve the problem.

@Jay Hinrichs I understand your criticism of the asset class, but if you are this opposed to this asset class then why have you funded a few thousand of these properties, advised clients to invest in hundreds of them,  & why have you owned about 350 of them? 

@Bill Gulley  thanks Bill I teed it up so you could knock it out of the park.DCR is a critical number .... and because as a lender we are not really privy to the bottom line for an investor.. its the best metric we can use to decide if we want to fund a deal..I think what Marco was trying to get to .. is what will entice a buyer to buy a turn key were do I need to be on return.. and since they all confuse cap rate with rate of return on invested capital.. the numbers I hear form buyers is they want 10% or better.

Originally posted by @Justin O'Malley:Hey BPers,So I've been brainstorming about how to start stacking up my finances to come up with a down payment...I have a nice truck but I can't sell it because I use it for work and it's nice having a car nice enough that I don't have to worry about it starting up everyday.I came to this realization....the only considerable amount of money to my name is what I have been putting in my 401k....I don't mean to be critical and supercilious as the once-owner of a bought-new 2009, bought-new 2012, and current owner of a bought-new-and-finally paid-off 2015 Toyota RAV4 that I intend to drive into the ground, I have made my mistakes when it comes to automobiles and they have bled me dry for a long time.

I do not ask this in a critical manner, but really out of curiosity and for educational purposes.