This past year multies have been selling close to assessed value by the city - in this case the assessed value is 369k - too rich for me.

As long as politicians are allowed to be wooed by lobbyists and as long as they're allowed to own large stakes in companies that receive large government contracts, politicians will just continue to make themselves, their families and their friends rich...While many politicians on both sides of the aisle do it (including most likely our current and previous Presidents), the most obvious example I can think of is Cheney and his ties to Halliburton.

@Rich HupperFrom my limited experience the lenders appraiser normally use comparable properties for SFR and Small Multi Family properties.  

A good book to read about investing and research is "Rich Dad Advisors: ABCs of Real Estate Investing: The Secrets of Finding Hidden Profits Most Investors Miss" I bought the audio and listened to it in one day, about 6 hrs long.

LOLThis site has been a true inspiration to me and with it I have rediscovered my passion for real estate and the possibility within its realms.I guess it is the geek in me...others don't really understand, they are 9 to 5ers, and see that as the way.But for us its different, I feel we can see beyond that, beyond the constraints of what is "expected" or even in our ignorance how the world works.Especially if that is all we have been exposed to in our life experiences (goodness knows they don't teach "rich dad poor dad" in school!)

Whereas a dishwasher can be loaded with plates full of food, a stove won't be cleaned regularly.

It can grow on a wide variety of substrates (concrete, wood, plastic, tile, food, etc.).

I saw dog food.  

Too many here at BP want to start in the hundred yard dash (the most difficult food race) without having taken the single step.

Lots of smart investor money there, but also old rich guys that have money to burn and experiment with.Further South around Ft.