Check out socketsite.comLuxury condos aren't doing hot in SF and there's some examples on that site that are interesting.I think the key here is that it's specific condos some of which were likely overpaid and now we're seeing true value but it's more of unique situation then city wide trend. 

He is correct that if you choose to do so, you should do it with your eyes wide open and know the risks involved.That said and done, I never counsel clients to do things that violate their loan agreement, nor do I ever assist them in doing things that violate their loan agreements.

In general, yes - an HOA has wide latitude in determining how properties are used. 

You’ll see how widely the values will differ.

It is hard because everybody wants to throw out wide nets, and there is a part investing that is about throwing out a wide net to focus on retention, but when he got tired of the stage we moved up to a whole other level.

To be specific, my steps to fully get into this world so far have been: Buy my first home Sign up to BiggerPockets website Listen to the first 5 podcasts (loving it)Send this messageEvaluate specialized Masters in R.E and meet with alumni and teachers plus attend one class as a guest observerMeet with friends working in the industry (mainly working for big Funds and Developers)Bought the 13 most widely recommended books in R.E.

@Thomas WrightYou may benefit from attending a local real estate investing networking event in Brooklyn.More often than not - there will be a wide range of professionals attending the event form realtors/investors/lenders.If you connect with some well - you can exchange numbers and grab coffee/lunch.

The median family of 4 income where most of our class C properties are is $42.5K city wide. 

My properties have a very wide range of cash flow, such that I can have bad markets, reduce the rent, and still cash flow. 

No Evictions, EVERI also tell them there is a $35.00 non-refundable background check that THEY will pay for through SmartMove.I still end up with a wide pool to choose from...........then when I meet them...........The best qualified tenant somehow miraculously/coincidentally is the one with the least amount of adults moving in to the property...........If they have a 6 bedroom voucher and it's going to be a mother (and invariably her boyfriend) moving in along with 5 kids I'm good with that.You may want to see if your tenants "volunteer" information about having a lot of family in the area because invariably that "family" usually winds up living at the property......but if someone says they or their boyfriend does NOT have a lot or any family in the area then they seem to miraculously/coincidentally end up at the head of the line in my book as far as being best qualifed to move into my rental.