@Pat Brown, some agents in my ultra-red-hot Denver market report seeing as much as 20% of offers falling through, even cash offers.

With the ultra competitive and high entry costs of Southern California, I've decided to use some of my contacts in southeast Michigan to help me start investing there.

I use my knowledge of Crime Free Multi-Housing strategies and experience working with property owners and their tenants to improve the quality of life within entire neighborhoods.ExperienceI am a certified Crime Free Multi-Housing program trainer and have three (3) years of experience working with Property Managers and Owners of rental properties large to small.Real Estate GoalsI am seeking opportunities, part-time, to enter the Property Management/Real Estate field in order to gain valuable experience so I may begin a second career to build upon after my retirement from police work.Currently SeekingNot to be overly cliche or boastful, I am an exceptionally honest, motivated, savvy, smart, modest, cultured, and professional person who can engage in conversation and business with folks from all walks of life.

He doesn't consider buildings in Dallas Texas to be much of a city.I definitely disagree with his advice of moving to Manhattan, because the housing prices are extremely expensive with laws that are ultra tenant friendly. 

I've seen hosts like Chris Choi going full into extra luxurious houses for the ultra-rich and stating it's recession-proof, but again if you're just starting out, I wouldn't recommend it.

Otherwise you are giving all the profits to the hml and then to the government for taxes and one is left with a pittance for hours/days in the ultra hot texas sun at times. no fun.

Each bank is trying to be ultra-conservative by asking their appraisers to use REOs and SS in the comps while lending.

L.A has lot's of billionaires, ultra high net worth individuals and funds similar to NYC so competition is stiff.

From a high risk, high hazard policy to an ultra preferred occupied home

Either this is not a good buy or you expect an ultra high appreciation rate.Good Luck.Bill