--Todd Braun, the principal at Lee & Associates, ArizonaRead the article here:https://www.globest.com/2019/08/28/phoenix-rising-a-tale-of-secondary-city-strength/?

Always run your own numbers (underwriting) because there are frequently mistakes and sometimes these numbers are inflated to make the investment look better to a casual observer.Not sure what your question is for the next paragraph.A survey is performed by a professional land surveyor which tells you the dimensions of the lot and if there are any encumbrances or issue with the placement of improvements on the lot.

Those websites estimate it at a high end of $8.50/sq ft for 2019 prices.I've reached out to both contractors and subs [using California's contractor license lookup took], but I'm reaching out as an owner/builder and not a contractor or architect, so I'm thinking there may be large price inflation.

Think of it this way the 100K house you buy that you put down 20K for, that 20k is now sitting into an equivalent of a CD savings account in the bank, you can't touch it but it is collecting " Interest" in the form of the principal of your mortgage being paid down by your tenants. and as described above, if the value of the property goes up then that rise above the 100K you may have paid is a bonus and would be available to you.

There is honestly a lot happening in Erie and we are definitely on the rise.

I've seen apartment prices steadily rise in the last year, especially with the news of the Paw Sox stadium coming to town.

With prices always rising in the long run, your property will probably appreciate $100K every year or three, depending on the size and location.

Being mindful not to inflate the numbers.

It seems that property insurance, especially in Oklahoma, has been on the rise recently.

Same 3% inflation for selling = $134400 for 1 house or $672000 for 5 houses.