And as the demand for investment properties has increased, prices have increased and the need for cheaper financing is only strengthened.Yes, there are plenty of conservative banks and guidelines.

Some agents believe that we are 700 homes short in order to meet the demand.

It is in a pretty high demand area in an old building that needs a lot of work.

Inventory is still super low across the board, so I look at whatever crosses my desk - There's demand for pretty much everything; but starter homes are especially hot. 

Supply and demand, there will be more properties available.

If you can raise rents (given the strong demand) and/ or implement rubs (or put separate meters for the utilities) you could really increase the value to the property.  

NOw, the 1-4 unit cliff, is subsidized by residential purchasers like myself who can compete with the professionals by way of a 3.5% downpayment and the highly leveraged world of fha loans - which means more demand can--and apparently does-- drive the price up.  

Supply vs demand, interest rate, sold/asked $ ratio, DOM will tell you the trend.The key is employment or affordability.....  

In some markets, supply remains very low, and prices continue to creep up with demand.

It is possible something has changed with the well so that it just isn't keeping up with demand.