I approached the bank (representative) and explained all the barriers to any one buying it for that price: zoning, restrictions, vegetation growth, etc.

Do you have go to places to research job growth and revitalization efforts?

My uncle personally has a few cash flowing rentals that at the time of purchase he got at a good price before major market changes, and even through the overall loss of value in his doors they still maintain a higher growth potential just with the cities intense influx of people, organizations, sports teams ETC...Hope that's in some way helpful!

On top of that, there are lots of job opportunities and population growth.

I highly recommend you keep reading & listening to BP, network and take action.We are always looking for growth-focused help. 

Deploying EOS (or other business operating systems like it) can make a huge impact — especially if you’ve hit a stubborn growth plateau. 

Enjoying it immensely.

It looks like growth, what do you all think?

The banker indicated that due to a new rule a few years ago, and money laundering, the restrictions and red tape are immense.

So investing in a "hot" market is like buying a growth stock with the anticipation that the "inflated/competitive" price you are paying in time 0 will still be less than the price at Time N.... this is exacly the opposite strategy I am looking for with rental properties.