National production builders a paying above $2.00+ for raw land - that's way too rich for my blood.  

As Carson said, older investors love to see young blood at these meetings.  

A landlord acquaintance of mine told me a tenant recently noted on a rental application his occupation as "blood donor".

Hello BiggerPockets!!!First off, I'd like to say that this has been a long time coming, I've been lurking this forum for about half a year now and have been absorbing all of the knowledge I possibly can. It's been pai...

Or, the more colorful Baron Rothschild:"The time to buy is when there's blood in the streets."

While we don't have (yet) the burial sites, we have a unique collection of 60's hippies that (still) love communism, and hate tech, progress (no idea why they are called "progressive") and success (especially landlord and real estate success roils their blood :)  Add to that an extremely incompetent Bored of Stupidvisors which has a nack for passing local rent control legislation that gets ruled unconstitutional in superior court.

Now deal volume is way down and margins are thinner and there is cheap money EVERYWHERE. 

I don't want bad blood with these folks, who may be resentful (whether their fault or not) because in their mind, they just lost the appliances they thought they had.  

There have been several Warren Buffett references in these posts, but I don't think this one has been mentioned (forgive me if I missed it), but I read a phenomenal biography "The Snowball" during the recent stock market crash and the best advice I gained from it was to buy when there is "blood on the streets."  

There are several volume rehabbers in your area that work on thinner margins.