Sales have slowed slightly from last year but prices continue to rise, in part due to lower inventory.  

From reading couple of deals on this site, i realize that this is not a deal you guys would even consider; but I got anxious with rising prices and low inventory in northern NJ and I jump the gun...

If your intent in the purchase was primarily to resell then that would make that property "inventory" and not be eligible for1031 treatment.  

Inventory is low and demand is high especially lower priced SFH's.  

Below is a link to get access to our inventory.

                              The Kansas City real estate market remains hot---                                          Inventory is down and prices are upIf you're considering investing in Kansas City, now is the time to do it while cash flow and ROI is great..                                       

I wanted to share about my first rental property that I closed on last September 2015.I was VERY scared if losing money but I was more scared of not taking action.......Working with "estimate" numbers for the first time can be so nerve wrecking and can most certainly cause analysis paralysis but here's what I did..First, I got a qualification for an FHA loan.Got approved for $220,000 so only then did I start narrowing down which neighborhoods I could get into.Since the inventory was extremely and IS still low and prices high I had to go to a D neighborhood.This made me very scared, especially because where I could actually afford and where there were Multi families available were at least an hour away....but again.....more scared of not taking action....I found a 3 family and waited to hear from loan officer how much my monthly payments would be.Once I found that out, I went on to rentometer.com to see how much market rents go in that area.I then tried to come up with all other expenses which wereWater-Public Utility (Hallway lights)Future ExpensesI put all those together and seemed like the numbers worked so I went for it and CLOSED.

I just want to make sure I'm reputable and keep them coming back to me for a good inventory of properties for them.  

It takes time, costs a lot of money (both state dependent but I'm speaking in general terms), and isn't the best for their inventory.

Our 2-4 unit inventory in April was worse than our worst December in the past 10 years, and May and June got even worse.