Below is a link to a Wall Street Journal article...

That article discussed the current rental investment market. For the most part, I agree with what the article says. There is no doubt that at today’s prices, the right investment property can produce a great return. I love the example of the California investors who are boasting a 6% return. Come to Boise, we can do better than that. And then the story of the man who bought the Manhattan condo because values were going up so high, he would be able to turn around and sell it for a profit. I know a lot of people that played that game and they made a lot of money. But unfortunately, I know a lot of people that were late into the game and then when the music stopped, they were left without a chair. But worse yet, he still doesn’t get it. He states that once he pays off the loan, he’ll be producing a positive income. Sure, its positive but no growth on his initial investment. It kind of reminds me of the people that call me and say, “I want a property with good positive cash flow”. Well, heck, I can get you good positive cash flow on just about any property if you pay cash for the property. So what they really want is something that is cash positive with the least amount down and with the greatest potential of future income.

http://online.wsj.com/article_email/SB20001424052748703798904575069341576405172-lMyQjAyMTAwMDIwNTEyNDUyWj.html