It’s a precision tool now, not a broad strategy.”

I’m in the early stages of my real estate journey and joined Bigger Pockets to connect with other investors, learn from people with more experience, and surround myself with individuals who are actively growing in this space.My background is in renovations, and I run Precise Home Renovations LLC, which has given me a strong understanding of construction, materials, budgeting, and project management.

As out-of-state owners, the entire value proposition is strong local oversight and trusted repair coordination—precisely where Homebase failed.Based on our experience, I do not recommend Homebase.

With supply tightening, 2026 could favor those who stayed patient and precise.

This may look like the apocalypse, but if you're an investor with a long-term view, this is precisely the type of Buyers’ Market that creates opportunities:Discounted entry points into condos that once commanded premium prices.Greater upside potential over time as markets recover and fundamentals reassert themselves. . and they will.Less competition from traditional buyers who have been priced out or sidelined.Price corrections reset valuations, enabling acquisitions that position portfolios for future gains when demand normalizes. . .and it will.Today’s condo price declines are are a strategic opening for disciplined buyers to secure assets at historically attractive prices.

That hasn’t disappeared — but the environment has changed.The Reality: Competition Is Higher — Precision Matters MoreLet’s address the elephant in the room.The secret is out.There are more investors competing for the same deals, often using similar playbooks.

You’re not wrong the swing you’re seeing is real, but the mistake most people make is trying to model cost seg too precisely at the property-selection stage.

LA is very tenant-protective, but owners who follow the process precisely can regain possession.

Also, navigating these rules correctly is precisely why the detailed breakdown from an engineered study is so important.

I don’t think this is a flawed thesis, but it’s a precision strategy, not a broadly repeatable one.