Regards,I think your letter sets the tone for what's to come for them.I doubt they will stay if they think the area is going to result in going to prison.You also might want to legally concealed carry in the area.Dope fiends (their customers) as well as dealers can be unpredictable and sketchy in their behavior, and stealing your shoes could result in a bullet to pay for their next high.Also, watch out for unscrewed but still in the socket, missing, or broken exterior lights--that's rapist stuff.

I personally would not consider any thing below $150/door but will generally target a higher return knowing long term is entirely unpredictable beyond a guestimate.  

And sorry to hear about the frozen/busted pipes... the weather here is so unpredictable.

The problem is that, if they don't sell enough, like in Rich's case as a result of unpredictable external events, they will have to stop construction.I'm extremely risk averse and I will do anything to protect the interest and money from my investors.

But this is an unpredictable one off event that comes about as auxiliary to one’s main activities.  

I believe that debt has a destabilizing effect on things, just challenge the assumption that the destabilization will result in inflation ... could be inflation, could be deflation, it is unpredictable to say which, just that it is destabilizing.

This can lead to more opportunities and partnerships.Market Understanding: As a property manager, you'll gain a deeper understanding of the local market, which can be invaluable when you start acquiring your own properties.Steady Income Stream: Property management can provide a consistent income, which can be particularly beneficial in the early stages of your real estate venture.Skill Development: You'll develop a range of skills from customer service to maintenance oversight, which are crucial for successful property ownership.Brand Recognition: Establishing a presence as a reliable property management company can boost your reputation, making it easier to attract tenants and investors when you start acquiring properties.Cons:Time Commitment: Property management can be time-consuming, especially if you're dealing with multiple properties or demanding clients.Regulatory Compliance: Staying compliant with local laws and regulations requires diligence and can be complex.Conflict Resolution: Dealing with tenant issues and conflicts is an inevitable part of property management and can sometimes be challenging.Financial Risk: There are financial risks involved, including late payments or damage to properties.Market Fluctuations: The property market can be unpredictable, affecting both rental income and property values.Overall, starting with a property management company can be a smart way to enter the real estate space, especially in an area with a clear need for such services.

highly volatile and unpredictable.

I've considered looking in Richmond CA, but looking over the rental prices on craigslist, I'm seeing that rental income is kind of unpredictable in Richmond.

While I don't have years of experience to draw on for how the real estate market behaves around elections, I believe it's like most aspects of investing—unpredictable.