It may have been a great market for wholesaling back in 08 but the best real estate investor is one that can adapt.

I have deployed three x300, two x310 and I am working on adapting to their new x600.  

Adaptation is KEY in real estate for ALL levels of investors.Jeff

So therefore,  I had to adapt to a new school from time to time.

For example, in SoCal 2009-2012 was great for buy-and-hold (long holding period), then those margins got too thin and 2012-2014 flipping made more sense (short holding period), 2014 to today flipping numbers are fairly thin so I'd consider wholeselling or acting as a RE agent or other RE services (zero holding period).So, to summarize, in a dynamic market like CA you have to either be very patient or learn how to operate different strategies, adjust, and adapt along with the market.

Not what I would have chosen normally, but adapt.

Think, what is the highest and best use foe this property and does the highest and best use include retaining the existing building ie. adaptive re-use, building new or a combination of both.

Especially when using a 1031 to reinvest equity or adapting to market changes.Located in an area where you can make money and risks are low.

So whatever increases occur, are probably negligible and can be easily adapted to.

., one's first rental), should one sit down with an attorney to craft a lease or is it enough to adapt a lease you get from the internet, a previous landlord, or your investor friend?