What steps should I take to ensure the safety and well-being of my tenants?

This section aims to provide a comprehensive understanding of the market dynamics at play.Strategic Insights for 2024: Armed with an analysis of the current market conditions, we pivot to forward-looking strategies.

I've found with my own experience with my parents the older the attorney is,  the less "evolved", so just a heads up to arm yourself with background on this in order to ask the right questions. 

agree with the other comment, different markets are doing different things. also, "be greedy when others are fearful." what people might be afraid of is, lots of commercial ARMs coming up on their rate adjustments, & the new rates (compared to 5y ago when they first purchased) will kill their cashflow, so they'll sell, and if everyone is doing this at once, supply might outweigh demand, everyone has to sell for less than they planned, and everyone who hangs on to their similar properties gets to recalculate their estimated mkt value with the new going cap rates. i don't personally think this is going to cause as insane of a shift as some people do, but it's all speculative, we won't know til it happens. if you can find a deal that pencils with 30y fixed debt, do it. 

No amount of money is worth you and your wife's safety.

Basically I would not like the situation when I work with one arm of Chicago bureaucracy to pull permits while the other arm is sending bulldoggers to level my place.

Andy, you’re being smart to put the safety of your family first.

Cash flow is always the safety net.

An arms-length management fee is around 10% of gross rents. 

The main issue with Pasadena is the high price of entry and long timelines for Building and safety permits.