Moral of this story, always call.There are many more which I'll post to my blog in the next few days, but those are a few.Strange as it may seem, I'm actually happy that this happened on my first flip; I've learned so, soooo many extremely informative lessons which I never would have learned if things had gone smoothly, and I'd much rather learn them at the price point I did than with a much more expensive property; I've already come to the firm realization that real estate is all about adaptation, and I fully intend to use this experience to do just that.

So, if these properties are owned by investors that provide them as rental housing, the population is more fluid and can adapt to changes.

I'm tremendously OCD when it comes to analyzing data and trends, and when I see resale values dropping in my area, I get more conservative in my offers (while I see other investors not adapting quickly enough);2.

I had to sign an NDA on this recently when given the volume/numbers, but yes indeed they are adapting to the market and wiping out those that have been capitalizing on their distress.There is an optty/hole - study their approach.

If he is a fool, he will take himself out of the equation without your misspent energy nudging him along an inevitable, self-inflicted demise.My lineage is Italian, and my ancestors immigrated without papers ("WOP") in hordes, eventually adapting into the American culture after spending generations without knowing the English language.

Those who fail to change, adapt, educate themselves and deal fairly IMO need to die off.

However that is my view I am sure others would adapt very well to a road map.

I grew up in a duplex near railroad tracks and had an office in downtown Sacramento near tracks... you adapt to it easily and after about 30 days you barely notice it.

I had to adapt and pay more knowing that neighborhood and city would sustain the higher price.

I know that intuition and adaptability about real estate will come over the course of time as my concern is to ensure that I am "nurtured" with the right foundation and developing an understanding and awareness of how the real estate business works through sound ethics.