This is based on Single Families in st.paul/minneapolis area.

Tricky Question, hopefully you would be able to help me out here.I am putting a "counter offer" tomorrow for Highest and Best offer on an REO Single Family.

I Live in San Diego and invest Here At out of the State, Is that overprice quick answer for the midwest super overprice, for san diego About To hit the spot, will i buy It no, why even do San Diego Is unique and has diferrent Returns, that other people dont understand such as Tenant stability, future value and safety.

I have over 30 years of RE I  single and multi-family experience.  

The single family was $900.

:) Super Jumbo is generally up to $5m & still largely algorithmic like you are used to, larger than that it's generally done on a one-off basis.Worth noting is that technically the lender still must follow the post-recession "Ability To Repay" rule, meaning the lender can't just go "oh, 40% down, we can't lose even if we have to foreclose, loan approved!"....

I currently have single family rentals in St Louis and Tampa.

I'm a newbie, just starting out and trying to get a loan for my first deal, a single family.  

I ended up doing a single pass on the entire apartment and then hitting the problem spots like the kitchen 3 times.

The amount of money you could (and you shouldn't ever be losing money on any deal at all except on a super rare occurrence) make in real estate is absolutely hilarious compared to anything a "college" related job could offer.