Some places boom and last long enough that long term infrastructure and jobs are put in place for the economy to fall softly back to earth when the bulk of the boom is finished.

But I think you will enjoy some of the soft benefits of having a retail and rental operation combined: depreciation, other tax benefits, economies of scale in remodeling, multiple exit strategies, volume to maintain agent relationships, etc.

He's talking about private home buyers and he's suggesting to keep renting, because the market will go soft again. he's saying that in certain parts of the country, it's cheaper to rent than to buy.

Hardwood floors will be fine but soft wood like pine will get dented up.

But the flips are great for cash infusions and to help pay for some of the "soft costs" in development.Couple of notes regarding flips and development.1) I think flippers don't know what they don't know.

@Scott Skinger Let me explain, For Option 1, the prepayment penalty will be Yield Maintenance, Option 2 is a Soft Step Down prepay option meaning that in the first 2 years if you refinance or sell you would have to pay a prepayment penalty of 5% of the unpaid balance of the loan, then 4% in years 3 and 4, 3% in years 5 and 6 and so on.

Is the mold located on hard surfaces or soft?

I'll be getting out of this long before I have a need to delegate that.But as we've discussed in the past (and I've benefited greatly from your insight), person-to-person tenant management soft skills become less important once you start moving away from the low C-class stuff I'm in.

Plywood boxes, solid wood fronts, with soft close.  

You have to figure in a lot of soft factors too, like how much you like the area for personally living there, where you think the neighborhood is heading, etc.As far as current vs. market rents, I always use current rents because I'm conservative.