The numbers that were supplied from the selling agent are SOOOOOO bad that I cannot even guestimate what the heck this seller has going on.  

While there have been voluntary restrictions put in place in the past, I believe California and other Southwesterly citizens need to take immediate action to help reduce water usage to re-supply lakes and aquifers as much as possible."

We are hitting the summer season where buyers will be out in FULL force, so competition is going to get worse with no relief on the horizon for more supply. 

Existing demand and supply climates mean that an apartment building that's hollow-tile with a one-to-one parking ratio doesn't have to rely heavily on its income/expenses.

What do you do to take into consideration the SUPPLY side of things in these newer/growing markets?

This is a general discussion question...I am curious as to where you get your data, as a Broker nand an Appraiser, I would think that it is critical for the fix and flipper, buy and holder, wannabe wholesaler, or general investor to have MLS access...do you also preview what is on the market when attempting to make a rational investment decision in order to have a strong ARV as well as an understanding of what others are supplying in the same price point, ie. the competition, I put zero credibility or credence in Zillow, yet I see so many people placing emphasis on this weighted algorithm...understanding that this is a big country with many different markets, I am curious to hear your feedback.

Sure you will have multiple tenants vacate and possibly trash the house, the HVAC need replacing, the roof start leaking, toilet or water heater supply hose burst and flood the house, termites infest and swam the house, lightning hit the tree next to the house and blow out windows, neighbor burn down your fence, tree fall on your house, the bank close your line of credit for no apparent reason,  insurance company you have used for years drop all your policies at once without ever having filed a claim. 

Half goes to the broker before you pay for gas, supplies, dues, etc. so 54,000 to you.

Ask the seller to be an equity partner in deal by supplying the 20% down payment.  

Its hard to discount a general slow down in appreciation simply due to the economics of increased supply, but will I really lose a lot of value or have trouble selling my condo if in fact the new product is simply a different market?