I think the answer to your question is that the techniques you mention are specific to certain types of investing disciplines, and they are used widely for those types of deals. 

New construction is really just starting to really crank back up, since the crash, so it's probably a bit before inventory catches up with demand.Add to that the fact that we are still seeing unprecedented job creation across a wide salary range, and I expect to continue having a huge demand. 

In my area we are a poor community and people are paying 500+ each month for a 100 year old single wide trailer.

I'm trying to approach this from a good angle.

You've stepped into a wide variety of things, I like that, I'm also interested in working my way up to owning large residential and commercial properties.Thanks everybody for the quick responses!

Since lender fees can vary widely from one lender to another, APR makes it easier for borrowers to determine the true cost of one loan versus another when all lender fees are reflecting in the calculation.

I asked an estimate from my property manager and they quote me for tiles at $800-900 and vinyl for $250-300 for a 8'3 Long and 3'9 wide bath.So, it is $26 per square foot for tile!

They very widely by locations. 

For now, this is an exercise for me to learn how to evaluate these larger properties and learning the more in depth steps.Here's the pro forma: (BP won't allow any HTML Tables so this is ugly, first # is soft, second is monthly rents, and third # is the rent/sqftAutomobile Repair9400 -- 3000 -- 0.32Church14300-- 2000 -- 0.14Jerky25600 --- 3500 -- 0.14Restaurant3127 -- 1750 -- 0.56Listed as Rented buy Google says is Vacant2400 --- 0 -- 0Rock Climbing Venue2000 -- 1200 -- 0.6Smog Shop2600 -- 1500 -- 0.58Gym7000 -- 1300 -- 0.19Vacant11000 -- 0Totals:77427142500.21Calculations:Listed Price$1,710,000.00Listed NOI$171,000.00Listed Cap Rate10.00%DP 30.00% = $513,000.00Financed$1,197,000.00Debt Service @5.5%$95,760.00 (15yr Amortized 30)Cash Flow$75,240.00COC14.67%Debt Service @3.5%$83,790.00 (15yr Amortized 30)Cash Flow$87,210.00COC17.00%A couple things to note:1 - There's a wide swath of Tenant Classes 2 - I am aware of the environmental concerns of the Smog & Automobile businesses. they are on the back side of the property away from the retail in a separate set of steel warehouse buildings.Tagging @J Martin -because he wanted to stay in the loop on this.

I've already tapped out a couple of those angles, but I'll make sure I'm not missing anything and look into a couple others right away.Bob,The current note holder is the group that sold me the building a couple years ago.