In the current environment, it is almost impossible to always get that number correct.

I can't fault you for not surveying the property during your escrow period because as I state is extremely rare in a urban environment in our area to do that.. so the realtor is not going to recommend it when I bet they have rarely if ever done it in the past..

This low interest rate environment means investors are accepting lower cap rates.The most important factor to me is cash flow.

And perhaps more importantly lenders like to make loans to a client in an otherwise static environment - nothing else going on but that loan.

If you lived in apartments growing up you may be used to that environment.

It would seem like from the limited people I had a chance to speak with in Vegas that Multifamily units do not work well in this environment, but SFR do better for rent and resale. 

We are an inflationary environment, new builds let you save out on capex issues, two year rents do keep you locked in, you got a great interest.

ACCESS to money is what is important going into a recessionary environment.

(some don't because it broke down, but the family have a brand new 50" tv) Visiting the family you will get a sense of how the kids behave in their own comfortable environment.

I believe the lending environment is much worse than in the states, so you may not pay taxes, but if you earn 20% less because of higher interest payments (which you can't deduct against anything if you're not paying taxes) then it's pretty much a wash.The house we stayed at also required a lot of security because apparently there are lots of people on the island that prey on tourists.