Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

@Timothy TookerI don't think I know how to tag you guys in my reply properly so sorry if you don't get a notification.

Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

Thanks for the tag @Steve Vaughan@Daniel PeaveyThis is an interesting topic and one that I have got a little flustered with myself.

Here are some recommendations for you:Find and connect with other BP members that are in your area: http://www.biggerpockets.com/meetSet up keyword alerts to be notified of the topics that interest you: http://www.biggerpockets.com/alertsRead Beginner’s Guide: http://www.biggerpockets.com/real-estate-investingCheck out BP Podcasts: http://www.biggerpockets.com/renewsblog/category/podcast/If you wish to tag someone in the conversation on the forum, type @ followed by their name and then select the name of that person which should appear below the comments box.

Feel free to tag me in any questions & i'll pop by the thread & offer some advice on the topic.Good luck to you & i'll see you around the forums.

Feel free to tag me in any questions & i'll pop by the thread & offer some advice on the topic if it's something I am familiar with.Good luck to you & i'll see you around the forums.

Thanks for the tag @Carl Fischer.

@Sid Naik I agree with you in theory, but remember that by definition the identification of a peak or a trough can only be done after the point of inflection. 

I had underestimated the price tag to bring it up to rentable by $100k.