Stockpile as much cash as possible to weather a storm, be vigilant on the acquisition, and get your systems organized now while there is still stability.

SF is probably going to be the path of least resistance as there are more of them, but you may find a great MF deal and go with that. 

Also know that it might not be a fast recovery, in fact it might take a few years. you need to be able to weather a very long and hard storm.

When the weather is nice, usually spring and summer.  

I do not know anything about Forest Hills, New York but I will be able to help you I'm sure.One difference we have is dealing with cold weather because we have very little that effects our schedules. 

All I can do is postulate various scenarios about what might happen and then determine an appropriate all-weather strategy.(1) If the market continues to take the escalator up, what would I do?

Someone just emailed me saying...Steve,  it's comical reading the posts on that rounding the price topic at the "resistance" of so many to do something so easy to better ensure their buyer's loan makes it through the Bank of America or Wells Fargo processing phase with the least amount of potential issues as possible"

We have all the outdoor stuff you are looking for with lower property costs than the front range Denver area - and better weather.

A dwelling unit is not habitable if it violates provisions of housing or health codes concerning the health, safety, sanitation or fitness for habitation of the dwelling unit or if it substantially lacks:(a) Effective waterproofing and weather protection of the roof and exterior walls, including windows and doors.

I think that is true and I have serious concerns with the ability of the average wholesaler or flipper to weather the initial correction even if it is not a major one.Just my thoughts, hope that helps!