I understand there's potential variation, but from observation, whats being observed?

From my observations of successful investors (those with 100+ units and 20+ years in the game), there seem to be two camps: those who are pro-partnership and those who avoid them.

I've been studying different real estate strategies and would love to understand more about how the permitting process is evolving in that area.Did the realtor mention any specific changes in local ordinances, or was it more of a general observation based on market trends?

We actually CAN'T explain what we are seeing if we are operating on the "purely rational actor" hypothesis (as you implicitly observe), we MUST include highly irrational and emotional individuals to explain what we are seeing.- Investor uncertainty.

I would look at comparable properties and observe the average rents.

, you have put me on the right track with very clear and concise observations to think about while evaluating my market.  

It is also been my experience and observation that there are people that have money and quite a bit that do not advertise the fact.. 

When it comes to these types of auctions by the sheriff, is there a waiting period that must be observed before rehabbing/renting the building post winning the bid?

Here are a few initial thoughts and observations for both scenarios which might be useful in guiding your next move:Scenario 1: Leave your Current Primary Residence & Buy Another House to Hack Locally1.

In my observation here in Santa Rosa, the first lots out of the gate that sold went for too high of a price.