This, mixed with institutional money and big-time brokers getting involved, has lead to a lot of overpriced assets.

https://www.bizjournals.com/lo...It's finally happening!  

Underwriting a lot/teardown in Central Austin that as of 2008 has Corridor Mixed Use zoning allowing for 95% impervious, a three story build, and 40 feet in height.Reading further into the Ordinance - the development bonus for building Affordable Housing, which needs to equate to 25% of the development, is an additional 20 feet in height for a total build of 60 feet in height.This opportunity puts a much higher ceiling on the exit number with condos in the area selling at a median of $352/sq ft. 

@Andrew Pettit3 separate issues are mixed together here, creating confusion.1.

I frequently compare value between the US and UK markets and while there are always opportunities in both places, I am currently focusing on trying to make something happen in the US until I can see how Brexit shakes out and based on my own mix of currency exposures long term.One thing I am stuck on is finding affordable financing to make the numbers work.

Great mix of experienced skilled investors and newbies just getting started.

Alain,For residential SF/MF, I always consult this page, which I couldn't find any Mixed Use info for.  

@Whitney Hutten You make some very interesting and unexpected points.At this point I'm intimidated by non traditional financing but I do plan to learn a lot more before I make my next purchase.I've been thinking quite a bit about partnering with more experienced investors as it seems like a great way to gain mentorship as well as to maximize the success of the investment.At this early stage my portfolio is fragile and I can't afford to make big dumb mistakes.At the very least I do not want to make another RE purchase until I'm feeling really solid on my network and education, not to mention the recovery of the economy.The question of whether to sell or hold has tormented me for years.There is one other factor I neglected to mention in my OP that made me decide to hold the property, for at least a year or two longer:This home is within throwing distance of a major city overhaul project that is drastically improving the area immediately surrounding it.It's been transforming a creepy downtown area that previously you would not want to walk at night (or even the daytime) into a bustling mixed use community.The project has been going on for years and right now is finally in progress in the blocks visible from my house.Also the house has easy freeway access, and is positioned within 10 minutes of an extremely expensive beach area.

Sounds like a solid first deal @Dhanasekaran Ranganathan - do you have a sense of whether this will be a cash flow or an appreciation play (or mix)? 

So the thing that I think is important when someone really wants to change something is to add accountability into the mix.