If you are relying on a cash out refinance as your exit strategy than you need to talk to your lending source to make sure you can get your capital out without disrupting your real estate acquisition schedule. 

Also, the normal summer patterns are disrupted anyway- people wanting to get settled somewhere before school starts- well, what does that even look like this year? 

If servicing collapses this will cause a disruption and panic possibly. 

But constant churn from the tenants in the high yield areas will definitely disrupt your life (and so will a $6K make-ready).

On top of that it's heavily fragmented and being threatened on several fronts by disrupters and other external forces.Glenn Sanford's goal was to redesign the model in the cloud-based era to minimize overhead costs (brick & mortar, redundant staffing, etc) while improving services & compensation  to provide a value proposition for agents that is so strong it would be "irresponsible" (his words) to hang your license anywhere else. 

The rents support the mortgages and we’ve pulled equity out to keep a solid liquid position to absorb any kind of disruption.

@Nick Moore and Account Closed, I get what you are saying, but if one post that is satire-based would have disrupted your entire real estate strategy and thrown you off course to quit, I think that's not the post's issue, it's how you feel about what you know at the time.

It has taken almost 25 years for the disruptors to disrupt but just think how did Amazon get to where they are in a short amount of time, where Sears had a 100 year head start. 

For those who got used to how things were, dare I say a bit lazy on things, yeah this would be a rather big disruption and I wouldn't like that either. 

This type of attack should be enough to disrupt the real estate markets.