Lastly, when you're looking at a quad, chances are you'll be looking at a different type of buyer pool from a competition perspective. 

Then out of the pool of listings that are the same size and have similar features, I do exactly what you are doing and look at listing photos!

The cost of living is much lower, housing affordability is much better than the east and west coasts, as we were able to buy a house in a fantastic school district (I mean 10 score) for a quarter of what we would have to pay in a nice part of MD, and it is always sunny here in Texas ☀️ So, I think this mass exodus is going to continue regardless of how beautiful CA is, as if people can't afford to leave there they will move.

Antique houses definitely reduce the overall buyer pool because of the high level of ongoing maintenance they are assumed to need.

@Garrett GahnWell, you've got something that a lot of people starting in this business don't have: the honesty to admit that getting to a realistic ARV is not easy.There is very much a giant pool of thick swirling BS around the concept of ARV in real estate investing.

I'm thinking MLS isn't going to reach this potential buyer pool.

I would imagine that if SD prices drop then you will have a slight influx of new buyers in the buying pool who would otherwise be renting, but primarily a net influx of PEOPLE to the area, which bodes well for tenant demand.TBH it doesn't matter one bit if you buy it at $600k and it is worth $300k the very next day, just as long as your rent covers your costs and/or you can come out of pocket for the difference you'll weather the storms until the next cycle up

It is a 5bd 5.5 bath townhouse with a private pool and we are turning about $68k a year gross at 65% occupancy. 

There’s a larger labour pool in Miami and more people willing to do work.

I’m pooling funds and making all of the investment decisions.