Period.Anyone can find and fix and even sell you a house these days.Not many can manage them well and honestly.So for all of you worrying about me or any other leader in the turnkey industry getting hit by a bus.It doesn't really matter if we do as long as there is a solid property management team in place with professional staff that can continue looking after your investments.The biggest and best turnkey companies in the country (We are still a tiny fish and no where near as sophisticated as some) have full blown departments with leadership roles and detailed processes, systems and manuals that probably work better when the founders and owners don't even get involved.This is something that we are striving for also.So for the time being, you will still see me poking my Dingo nose in everyone's business.I'll leave you with this:Have no fear, because my team is here.

(I personally hate loans but am planning to cash out refi some of my holdings if the market continues to nose dive and we have a chance of seeing crazy recession level deals again!)

A major part is that under 5 unit buildings are not subjected to rent regulations (for the most part).I also FULLY expect as the majority of Voters who are tenants will vote for their self-interest, which implies continuation of rent regulation laws or even enhancement of it.I think a RE Investor that can thread the needle in Rent Controlled Cities can be INCREDIBLY well rewarded.In fact, it's provides a very stable and consistent economic growth.

Good judgment is knowing when to pull out of a nose dive not just roll with it....and say "if I crash I crash"....Good luck either way 

Most tenants resent landlords, don't rub their nose in it.

So long as people continue to let their homes fall into horrible disrepair, there will be a market for somebody to hold their nose, take it off their hands, fix it up and flip it.Also, don't forget, NYC, SF and Seattle aren't the only games in town.

The numbers on that property were actually quite good, the building was the sort that I would be very interested in, but the neighborhood was going down instead of up in terms of residents - I guess your nose for that stuff is pretty good too!

It's tough being a gangster these days.I'm more afraid of needles and snakes. 

There are still a few needles in the haystack of private sellers, but they are getting harder to find.

Today is my first day on BP, so just nosing around.