@Champ Leong - sorry, I dislike when others use too many acronyms as well - I meant "purchase and sale agreement"

This is not about race, but there are folks who make everything about race, to their advantage, so I want to make sure all my T's are crossed.  

Some things you have to consider is, if a person can afford 3k a month they really don´t need to rent from anyone in many cases.

Was that comment meant for someone else?  

UtahAmericafirst 80% LTV on noo 65% LTV UtahArvest Bank AR, OK, AL, MO Bank of Souther CaliforniaBank of West (BNP Paribas) 60% LTV ELOCs BB&T will loan on a rental portfolioBBVA, now PNCBellwether NH and MA 85% to 100%, draw 10 yrsBMO Harris, 3 HELOCs to 70% LTVBoeing employee credit union California: Cal Coast Credit Union and Fremont BankCitizens Bank -Minnesota, only in-state.

This was meant to be my "forever" home--it only became a rental because I moved into my spouse's house. 

It's listed by the PM who is a pain i.t.a. to deal with, they don't seem to understand cap rates, won't provide a TTM report (even after sending POF), and for my understanding don`t want the property sold, as they might lose their management contract (which they definitely would have if I bought it).If you do want to pursue it, make sure to get the actual income numbers.All the best, Stephan

The net population growth is downward, but I'd bet the areas near highways, near the T, and closer into the city have generally done well, and will continue to appreciate.Know your market I guess.

I meant correction...then again, if prices continue up 20% and then drop 10-20%.....what does that really mean?

Hilary - what I meant was good credit and also some cash reserves.