@Sri YalamA bubble implies that there is an excess of inventory or an unsupported increase in prices.Right now, there is a shortage of housing based on the demand for living in the tri-state area...It would take a lot of building to meet that demand, which means we aren't anywhere near a bubble.It would take a shock to the system to curtail demand.

that's seems very excessive.  

The $850-900 for a 700 sq ft one bedroom does seem on par with the market, but I agree that the asking price seemed excessively high relative to rental income. 

I've asked them for where they are in the process of collecting excess repairs from the tenant, and they do not answer the email.  

If it's not the meter or the minor leaks, it must be excessive usage. 

As I build equity, my plans are to invest the excess equity in buy and hold properties.  

Called an insurance broker looking for an excess liability policy - never got any response. 

With that, my recent, almost excessive need to gather information about real estate investing, specifically buy and hold, has developed quite a few questions.

I can understand how we could be confused since his language wasn't consistent.To the OP, if you can indeed save up $2M in excess earnings over 5 years, that's kicking butt!

Judges have been known to give back entire security deposits plus damages which is typically triple the amount of the deposit when the landlord doesn't account for it in a timely fashion - even if they were due the entire amount because of excessive damage.