It depends factors such as whether or not you qualify for the three safe harbors under the Final Tangible Property Regs, the affected unit of property (UOP), the materiality of the repair compared to the UOP as a whole, and the Betterment, Adaption, Restoration (BAR) test.First - do you qualify for any of the following three safe harbors: (1) What is the unadjusted basis (purchase price plus improvements, do not factor in depreciation) of the property and how much have you spent in annual repairs for the property?

We do our best to adapt to legislative and economical changes as they occur, but at no time do we, or have we ever promised a guarantee on the performance of your liens.

Demand for urban living spaces is driving adaptive reuse of abandoned office spaces and condo buildings into hotels.

If you want to stay in CA, invest in RE, and NOT invest remotely out of state, then you will need to adapt your strategies to this market.

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.