Turned a seemingly unusable loft area into a makeshift crash pad.

One of the tenants has a homeless brother who crashes there and that is the theory (fact) for origin of the bugs.

The reason I was asking is, that prices in some of the locations have increased dramatically in the last 2 years and thus became in general less attractive (in terms of risk and potential return).Focusing on the "right" location may reduce risk, if market crashes.

Win win and once done I asked for referrals and closed more, one same day, heck they took me to meet their friend they were so pleased .Always try to find a common ground , I was in the army , a guys house I went to look at he didn't live there I saw his hat when he arrived , it said infantry I was sniper who in the army was support for an infantry unit in iraq we started chatting, he started smiling etc.

I got in the buy/sell game right before the crash, too late! 

I now have the home listed as an Airbnb and simply crash with my parents whenever there is a booking.

After the housing crash, when residential slowed down to a crawl, we saw an opportunity to move into commercial construction projects.

I’m about 40 years old, and do have a reasonable normal(salary) income of about $200K, but looking to hopefully semi-retire in a few years if I can, although need a few more sources of passive income as of right now.Disaster scenario in my head is… stock markets crash(loss of stock equity), along with the tech scene here in California collapse (loss of job/rental price decline or vacancies increase), and adding icing to the cake with perhaps some earthquake affecting my real estate here (we are long due for a big one).Feeling a bit paranoid but would rather intentionally decide what to do, whether to keep or to diversify. 

For me personally it buys me some "insurance" in case the market crashes or slows down while I'm getting started on the flip, or rates go up, etc. driving prices down.

If not, you could potentially kill someone if your assumptions aren’t correct and the wall comes crashing down.Construction is serious business and I see way too many people try to do things half-assed when they have no business messing around with framing, plumbing, electrical, etc that they know nothing about.