The appraisal was very easy, as the intown market has been booming for about the past 12 months.Actually, one of our biggest problems after doing these two houses was that the neighborhood got very hot and prices went through the roof.

Well, you're not meeting the 70% rule, but I don't follow that either and if you have a decent market (400 days is not so hot, but it may be the repairs needed) you can cut down on carrying time and money.

Or even during the summer in especially hot climates (working on clay and tile roofs in Phoenix, for example).As an example, I spent the winter working on a project up north, where part of the buyer's lender's conditions for sale was that the house needed to be painted (it had really bad peeling paint), but the temperatures didn't get above 50 degrees for about three months, and paint won't stick in cold temperatures.

The market is really hot, especially with surplus properties owned by our local government.

First thing is that governments are not household incomes as they like to portray that relationship, totally a different world.

I also listen to the BP podcast, you guys are great.I think one of my biggest barriers right now to investing is the lack of a smoking hot deal presenting itself; I know I'll get flamed for even saying this, but looking at the NW side of Vegas, the best possible rent/purchase price I'm finding is around 1% rather than the 2% ROT I've heard.

Here in Oregon they went judicial and that buggered it up something fierce. but sales are down of course... however when I was very active 2000 to 2006 at court house that was a hot market and we still bought 50 plus houses a year in our market..

Sounds like a lot, but compare it to the total number of rentals out there.There are 115 million households in the US.

There are a ton of renters who no longer can buy condos and a lot of condos in Atlanta.Atlanta condos are hot one day, then cold the next because another development pops up.Just guessing it's not the best time to be converting.

Tenants need to wash all of their clothes/bedding in hot water.