Then the ponzi scheme and then the housing collapse. 

As a former homebuilder that fell victim to the  collapse I will be watching the dollar much more closely this time around.  

Hi Hendrick,Before deciding on a series LLC, you might want to discuss with a California lawyer if there is a possibility that a California judge could rule or deem your series LLC as one big LLC (collapse it), thereby exposing all of the sub LLC's assets to judgement.Good Luck!

in DC rents also went up during the housing collapse. 

With the stock market or things like REITS I just stick my money in and pray, but with real estate I feel like even in the worst case (except for large scale global real estate market collapse) that I can go into my property, do some hard work and at least be able to get out of it for what I have in it. 

There are times when all the calculations go out the window and all the plans collapse.

But in a nutshell, you (ideally) do not close on the home - you resell it before you close the contract and do a collapsed or simultaneous close.

Doing it from out of town with no experience can collapse the entire thing if you dont assess reality.

Its been years, maybe a decade since I revisited the site but my mom mentioned she often gets calls from people looking to buy the residential property in Highlands county for years now just as well, and proposed we built something on it.I'm more into the mediterranean and/or art deco style homes, but with materials price and the current buildup to an inevitable proxy civil war/collapse in america, dont find it worth it to start building a mansion there although the surrounding properties sure do look quite fancy.We were thinking of going the 'customized' manufactured home route.

My mother liked to buy investments that 'were a sure thing' that I knew were not and my brother got rich house flipping until he stepped into the development end and got stuck with a property he couldn't develop and then the housing bubble collapsed.