The September 11th attacks were a good example of this - people stopped traveling by plane for quite a while and vacation rentals took a big hit.  

I can see that the SFH routine has been a great experience for us and we're still happy with our tenants and the progress we've made.We've recently decided to alter our course now...we're going to regroup for about 6 months and then attack the multifamily units exclusively. 

I.E attacking pre-foreclosures and driving for dollars are 2 totally different approaches even though it's all door knocking. 

My plan of attack was to roll 2 layers of Kilz Original and then place an ozone generator.  

When I had IIRC about 6 or 7 SFHs I started getting real aggressive on paying off the lowest balance loan, and then attacking the next lowest, by the time I hit 10 I had few enough loans that I could've qualified but by then I was buying lower dollar units where it KILLS YOU to finance them.

:badwords: I knew it was a good deal but not that good.I got a hook up with a friend who knows someone at the bank etc...I couldn't get any luckierI was on the front lawn of the property just looking around to see what I was going to attack 1st as far as remodeling for rental or resale.

As you can see, I’m still formulating my plan of attack until I can get my brain wrapped around the numbers and then map out the formula to any building I decide to evaluate.Hopefully, I’ll be able to own in Venice [when I’ve eaten my Wheaties and grown up].Great stuff and thank you BOTH for sharing!

For example you said "remove all existing toilets" which is great a perfectly clear doesn't leave anything that will be a question of your interpretation vs the GC's.On the other hand "removal of damaged sheetrock" may possibly lead to (contrived) you believe it is water damaged and should be removed, GC believes it is just discolored and only needs fresh paint.That's just an example and maybe the easiest way to attack that kind of thing without having to spend a massive amount of time and energy would be to have a clause about the "acceptable condItion" which is your discretion not the GC or maybe a short list of definitions that is standard across all your SOWs that define acceptable condition....If you have RocketLawyer or know a great contracts guy I am sure they could help fairly quickly.Again, no expert but that is what came to mind, I will be interested to see the other replies.

Lots of ways to attack it, chain link over rock is used here as well in flash flood prone spots, they'll drop some boulders, like 3' to hold rock fill.

Its always best to attack water issue from the exterior.