Congratulations, @Mark Hailes. 

If you can't ride out a crash in the next 5-10 years, be more cautious in your purchase- especially in the LA market where the 0's are plentiful :-) AKA easy $1M dollar properties. best of luck!

I'm literally in work truck riding shotgun passing all these homes for sale wondering what is stopping me from making the move.  

Listen to the podcasts, drag your biggest fans along for the ride, and be sure to have some fun with it!

Buckle down and ride the wave of the property is not performing as desired.

If the Changes put you at a significant disadvantage then I would look into talking to a lawyer and see it its legally binding, but if its just something that is a mild inconvenience then I would just ride it out until the lease is over and make the tenant sign a new lease or leave. sorry for the run on thought everyone.   

My wife has starting riding with me some and she keeps saying "How do you know it's vacant?

Personally, I will ride the wave as a holder and if the trend fades back to ownership preference, I am already stocked with inventory ;)

It opened me to more opportunities and have had a good start with it, sure, it was a little bumpy ride, but it is well worth the experience and hopefully I will be an investor in 10-15 years, I am just waiting for the next market dip.Being with BP gave me a lot of referrals, and been missing my rehab numbers bid, but I finally got to a point where I am comfortable with my numbers and lowered the expectations to make room for everyone to be happy.

Once the condo is above water, you can dump it or ride it out until it is paid off.