Renos will start once the snow melts, but in the meantime, will be raising rents to market rates once current leases expire.

@Joe Villeneuve  in the great GFC  mass foreclosures were a result of tenants not paying in many markets... and under capitalized and underwater owners.. defaulted with many ruining their credit for years because they did not realize that they needed substantial reserves to handle vacant properties... then you add in the areas were vacant properties get trashed and stripped then there was no hope for the owners.If you look at most homes that you buy today.. at least 50% of them are failed landlords that walked... this is true all through the mid west.So one needs to not just think that if there is a melt down again everyone becomes renters this did not play out that way last time... many left the area  ( think PhX Vegas) Many ended up moving in with family... 

pretty much nailed it.. but to be frank foreclosures in 90% of states are at record lows and will continue that way.. as mortgages written the last 10 years are much stronger than the previous mortgages.. there will always be foreclosures but its not nearly the volume it was 7 to 10 years ago.. or even prior to 08 melt down.

Go expensive on equipment and melting products because a slip and fall law suit will cost you thousands and raise your premiums.

well sometimes we have short memeories or your young enough to just be getting starting in RE business.2 things happened in phX that tanked those values.. 1. politics kicking the illegals out.2. building stopped tenants leftMuch of this housing was and is hispanics they were fleeing back to mexico for political reasons and because new contruction stopped loss of job was huge.so you had 4 plex's go vacant or only have one or 2 tenants.And of course the dreaded turn over which always cost money along with under capitalized owners in many cases could not afford negative cash flow along with turn over expenses led to a melt down.things have rebounded... same thing happned in Vegas with the 4 plex's there.

Right now I'm securing 3 lots with my own cash for Architectural review to build right after the snow melt next year.  

Don't count out the bay area for appreciation.. there is no more land.. the economy there in that 9 bay area counties is probably larger that 90% of the countries in the world... fine minds flock there .. its a melting pot of very brilliant entrepreneurial people .I look at it more like a London..

If we ever do get snow it rarely sticks and melts by the time the sun comes up in the morning.

So, this is purely "HVAC 101".Where I live, the purpose of having them in the floor under the window is to keep the windows warm in the winter so they don't sweat/frost and the wood frames rot when the frost melts.

Some people think doctors are evil and tumors melt away with herbal drinks in the vitamix, and that we somehow are trying to BS people and the internet knows better, haha.