IF the market pulls back significantly , glendale will lose money just like everywhere else even if on a % basis its not as much the out right dollar amount at this point could be much more because this time the AV hasnt appreciated as much from the bottom whereas glendale has exceeded those levels from past highs.. but it can be argued that in AV i buy 3  250k places and now i have diversification of tenants and will still get like 1500 a door for a comparable size house in glendale....Its MUCH harder to find a tenant to pay 3500+ in rent vs a tenant to pay 1500 in rent (esp if govt subsidized) ....not to say that there arent bad tenants everywhere im just saying if i look at things somewhat equal.not to mention glendale is very likely reaching a point of overbuild with these mega projects all up and down brand / central blvd which could weaken rent prices or at least create a longer time to fill...anyway my point is that i am trying to make a prudent decision and mitigate all the risks as much as possible in order to make a good decision and hope this feedback has helped other readers as well... i am not really sold on AV which is why i wanted to have this discussionthanks for the feedback

I think the situation I am posing here is....what happens if you do begin to process an applicant but don't have a complete picture (missing reference check results, etc) and then the candidate qualifications start to weaken. 

A real estate broker, therefore, mustkeep confidential any information that might weaken his principal’s bargaining position if it were revealed.This duty of confidentiality precludes a broker representing a seller from disclosing to a buyer that the sellercan, or must, sell his property below the listed price.

In a rising market the management issues don't show up as much because people overlook them and many buy on pro forma.When the market is weakening due to overbuilding or job losses, these poorly managed properties will have difficulty selling thus leading to rapidly falling prices.Shortly after this part of the cycle is the time to buy. 

With commodity prices down it seems likely that the Canadian dollar will weaken other then strengthen in the short term. 

I have a degenerative muscle disease that is slowly weakening my arms and legs so I'm hoping to retire in 15-20 years, and also have enough income to help my kids thru college.

Has it rotted away part of the structure or weakened it in a spot that wasn't spotted before?

It is going to take some time so absorb the demand even if the demand weakens. 

If new home construction is outpacing population growth, it can weaken rental rates.Though I think buying local in almost any market is the way to go.  

Nothing I hate more than doing a loan for someone that doesn't want me doing their loan.It's also going to weaken your negotiating position.