He thought that could decrease the draft and that the top should be above the ridgeline.

If it's $100/ft to do 2 stories, does the 3rd story increase that cost or decrease it due to not needing foundation work?

@Ruthber P check the property taxes for the building you are considering-you might be shocked.Last time I checked Riverdale property values were decreasing as real estate taxes were increasing.

December statistics saw a decrease in house buying power, as reported by First American's Real House Price Index, this decrease has been occurring by about 2.1 percent per year but November to December saw a decrease of 5.1 percent.

And, it does Not improve your cash flow as it doesn't change your payment, it actually decreases the annual cash flow by one payment.  

The longer it takes to sell them the lower your return.The largest risk I see is a market slow down, but you are getting away from MFH so that decreases the risk a bit. 

You will be upside down in most cases, so it's likely to be a loosing proposition if you're looking to do buy and hold.You can go into places in the high desert area to find deals, but also the quality of the clientelle will decrease accordingly.

Then as rents decrease you'll see some advantage of smaller operators who will adapt quickly and bring rate in check.

As they slow their spending, demand for products decreases and businesses cut production and lay employees off.

What is the overall % your market has seen as far as increase or decrease over 2014?