[edogg]

The cost of the property reflects the value of the rents, the cost of financing, property taxes and maintenance. Rents are probably not that out of wack with the landlords costs. If the landlords revenue does exceed costs you could see it as either money the landlord needs to save for future major repairs like new roof, new appliances, payment for their labour, return on the down payment invested, etc. if you can’t beat them join them and if you can’t join them then maybe it isn’t quite so easy and cut and dry.