The vast majority of time they are exceeding the limitations placed on them by the Dillon's Rule of Local Government Law, or the delegation of powers rule as promulgated by Federal Law.

Yes, housing has gone up and that is because Portland is so damn popular.

If you haven't found them yet be sure to cheek out the podcasts. they are one of the most popular features of the site.

While South Burlington has a strong chance of continuing to be a popular area to live in, and thus has a strong potential for property to appreciate, this is not guaranteed, and therefore in my mind any investment there is more speculative in nature and a little more risky than buying a property that from day one has a double digit Cap Rate and 30%+ CoCR.

It is pass through income at your marginal federal rate plus 15.6% or so of self employment FICA plus any state or local income tax you might have.  

Federal Pacific electric panels need replaced.

Helps that it is near a popular university.

I know its not popular, but it is quite a good deal for an entrepreneur that is starting out.

Its in a very popular class A-B area in Atlanta in an up and coming area of town.

When I started REI was in the late 70's early 80's when owner financing was very popular in investment properties.