So in my opinion i believe this deal has some good skin and would be profitable.

Account Closed  Oregon just adopted  affordable housing legislation.any new build apartments over 100 units has to have a certain % set aside for affordable housing.you have a few reasons why SF did what it did in values.. some are obvious like major corps moving in. others are its a peninsula were there just is no land avalaible so it becomes free marketOregons land use laws have created the same thing.. there is NO shortage of buildable land if you did not have an Urban growth boundry.. this boundry is an imaginary line that creates scarecity of developable lands.. and raise value of existing props that can be developed.For all the reasons the keep Portland Weird crowd wants to stop urban sprawl they only have themselves to look at with regard to massive spikes in rental rates and property values.Can't have them both a viberant healthy economy then a shortage of land and homes.. something has to give

Sustainable and healthy growth, appreciation, NOD's and inventory levels all point to a balanced market.

I have pretty thick skin and am eager to learn.

Lenders want 25% down on an investment property because they want you to have enough skin in the game that you aren't going to just walk away.

Macro economics points to a healthy rental market due to demographics, jobs being transient, and rents going up.I am reading Bill Nickerson's book "How I turned 1000 into 5 million.  

I'm in a fairly healthy financial position currently so have money to invest but tend to be cautious in what I want to buy.

Indianapolis is a terrific mid-West city with a healthy economy, and low unemployment that is doing a lot to enrich its downtown core, cultural life, and recover some previously hard hit residential areas.  

Now a days, banks want investors to have some skin in the game to show that you are serious about a property.

I love the coaching model because in my experience when people have skin in the game, they will put more into it and will be held accountable and will perform betterthanks for your analysisGino