You have to buy right going in for the as-is condition of the property and then if everything you do doesn't pan out as expected you are still doing good reverting back to the condition and situation you bought it in.

Owners spruce up their units and then, when they sell, the furniture, pots, pans, silverware, etc comes with the sale.

You must consider the concerns and safety of your good tenants (I trust you have a rental agreement in place with them) as well as how you will attract good tenants to the property for the empty unit.Have you seen the movie "Pacific Heights"?

Even if this one doesn't pan out, don't stray from solid fundamentals and eventually one will pop.great jobGood luck

You can already picture yourself in your new condo, sipping a Mai Tai on the lanai, watching the sun set over the Pacific Ocean.

Curious to see how this pans out.

I've met a ton of people in CA still waiting for their Memphis/St.Louis/Detroit/Texas rentals to finally pan out.

Meridian I believe is also the same as Meridian Pacific which is sort of like a turnkey company that is based in California and sells homes here in Memphis.

This is the time bomb that will implode the system leading to either an Amero currency (think Trans Pacific Partnership) or the Bancor (one world currency ssdrs)It's painfully obvious that real estate valuations are once again at asset-bubble extremes.Correspondent Mark G. submitted a chart of the Wilshire REIT (real estate investment trusts) index that sums up the current real estate market in one image: it's painfully obvious that real estate valuations are once again at asset-bubble extremes, one that's even bigger than the last RE bubble that popped in 2008 with devastating consequences to the global economy.http://www.zerohedge.com/news/2013-10-30/what-real-estate-bubble-oh-you-mean-one-thats-bigger-2007-bubbleThis is important for the housing market, because mortgage rates tend to follow the yield on 10 year U.S.

My idea is to utilize this to find listings that were leased for 12 months, at a specific price point, and specific area, and then utilize direct mail marketing to hit them up 4-6 months before their lease ends.The idea being to hit them up right around the time their trying to decide whether to lease again or buy.Thoughts, comments, questions, critiques, or frying pan upside the head.....