Disney is also about to move in on the east end of the island which will change the economic situation drastically.

We've all seen the empty office buildings and vacant storefronts during economic downturns.  

In layman’s parlance one could say it is a book about timing the market.It follows the Trass Methodology developed by the author of the same name which basically states that the cycle is driven by 16 specific macro-economic indicators (key drivers) and by monitoring the ongoing trends in conjunction with one another, one can successfully predict the markets future movements.

My background is in finance and economics  if I can assist anyone with anything do not hesitate to contact me here at bigger pockets.

from what I have experienced, like anything you get what you pay for, there are 3 factors with contractors, Fast, Reliable, and cheap,  pick 2,  you will go through these guys like water, then find one that seems good, till they flake,  my experience has been, they always want to get paid before the work is done, "to pay their guys" or something, but they rob peter to pay paul, and are always behind a job or 2, the economics generally doesn't work to hire the expensive reliable contractors, so you end up managing the projects,  I have a Painter/drywall guy, a Handyman, and Carpet guy, i do most of the technical stuff because I dont trust anyone to do it right (my personal issue) you can make the numbers work on higher end, properties, or mid/lower if you squeeze your margins. 

When I look at rate chart, I see 18% in 80s to below 4% now and maybe even lower ahead - https://research.stlouisfed.org/fred2/series/MORTG I dont want to sound negative but I dont like how the Yellens and Draghis of the world are screwing up the economic cycles with all the money printing manipulation. 

Here are some good numbers to track:- Occupancy Percentage- Economic Occupancy (what you're actually collecting)- Aged Receivables- Average Time a Property is Vacant after a tenant moves out before a new tenant moves in- Monthly Expenses, particularly maintenance and turnover expenses- Monthly Net Income - Monthly Cash Flow (Net Income - Debt Service)I hope that helps.

As a B&H operator, I focus(ed) on the monthly cash flow when I bought and now when selling, the buyer STILL gets a great return.It's hard to classify $5400 monthly deposits to my bank account as 'over valued'.It all depends on whether you're buying or selling :-)I see listing after listing that look great with 3% economic vacancy and $3000 expense per unit per year but lose money hand over fist if the vacancy goes to 12% and expenses are $5000/unit as they should be for this type of property.

You're focused on the micro level without evaluating the bigger picture of the economic and demographic fundamentals of the market.

Urbanization is one of the most critical factors for economic growth.