The fire risk is astronomical.

Quote from @DARIUS SMALLWOOD: I am just starting out and I've been looking at deals all night, and to be honest, like every deal I come across looks good to me, which is coming from somebody who's never done it before, so I'm looking for more information on what to look for in multi family homes that separate the good deals from the astronomical ones, When I started investing 50 year ago, we had the 50 property rule.

It's called buy low n sell high, not buy high and pray for inhuman additional astronomical highs. 

I concur with you... prices are astronomically higher.

Plus, since they can cut and paint to size, shipping costs is less, and they stock way less material on hand.Imported treated pine lumber is astronomical since their pines trees were wiped out by the pine beetle and they also don't have a coating/impregnation process for the raw timber.

Investors who can claim this astronomical rents have asked me why are their turnover rates so high. 

Was just having a conversation with a brewery manager that recently had to shut down one of their tap rooms and he ended up opening another bar in the same area, but his sentiment was similar, in that their business and operations were actually quite efficient and profitable, however, their overhead and real estate costs in the space were so astronomical (it was a newly developed building they were the first ones in the space) that it wasn't sustainable. 

Most university housing is priced astronomically high around Ohio State.

For them to increase at those same levels the wealth divide becomes astronomical.  

So as a lender keeping the broker happy is worth it as long as they are alos being realistic and not charging astronomical fees.