When it comes to getting rid of neighborhood drug dealers or unsavory activity that affects your investment, I like Rule #15: Always work as a team.For various (often silly) reasons, we shy way from working with neighboring landlords and property owners.

Yea depending on your market, once a property hits a hot listing price, it took spark many investors who shop in the area.

In commercial, industrial properties you may look back 3 or 4 years and adjust values if necessary as and look to other citys hundreds of miles away, for part of the analysis of say a shopping mall.

Are bike and walking paths important, bus lines and parking as people move from vehicles to living spaces or shopping.

So the entry level OO buyer and the move-up OO buyer is paying more this month than 6 months ago in many neighborhoods where I am.It looks to me like this could go on for a long time.

Or better yet, help create the story, like Don Konipol's example of the $125K auto repair shop, with a seller willing to file bankruptcy once he was educated about it.

The property is a 4plex with four 1/1 units in a nice neighborhood filled with SFR.Asking price: $120,000.Disclosed Operating expenses: - $80/month for landscaping.- Tenants pay water/sewer/cable/phone/garbage/electricityReserves I Calculate:- 6% for vacancy. ($96 per month)- 6% for repairs. ($96 per month)Estimated property taxes: $1,462/yr.Estimated insurance: $1,482/yr.Lending Terms:25% down payment = $30,000.$90,000 @ 4% over 30 years = $429.67/mo.Each unit currently rented at $400/mo.

My wife and I are shopping for a house.

I was going to ask you are your rentals in lower-middle income areas where rents go from $650-$850 or are your properties in the middle class neighborhood where there are many homeowners?

If Walmart gave a deductible grant for some land close to the store for low income housing the tenants would come to Walmart to shop.