So the filter is no longer market sentiment, but the actual financial barrier entry.Josh Dorkin has been hammering cash flow as the main criteria, if not the only criteria, based on his own experiences in CA.

If you can wholesale much better. most like if in bad condition low ball the hell outta guy.. if hes a bad landlord or just plain lazy he would sell unless he has sentimental values.

Some tenants my have valuables in the house and you don't want to be in a position of something valuable (actual value or sentimental) missing. 

@Jeremiah Akindele I agree with everyone's general sentiment on how you shouldn't pay the 40k.

Dang, you said that so much better than my post, but the sentiment is the same.

These results sort of echo @Jay Hinrichs and @Michael Ealy sentiment championing higher quality B/C assets over cheaper D/F properties. 

This isn't only my experience, I have spoken with many people who echoed this sentiment. 

I think a lot of that sentiment also has to do more with the stock market than the real estate market.

The current measures and sentiments in the US are not serious at all compared to what the measurement China or Korea are taking.

I wrote another response to another poster with your same sentiment.