It requires hard work, risk, and the ability to adapt.

Ken,You sure found an old post.I see that many of the previous posters are no longer around.Looks like Ryan and Eric are still here but most of the others have not been around for a while.I have found that one of my weakness is that I am not quick enough to adapt to changing markets.My wife and I bought a vacation rental in the Smokies back in 03.

Correct ... they may be running their math a bit different (eg: 3% vacancy rate built into their underwritting) OR they may be working off a completely different formula (eg: flips instead of holds), OR BOTH ... and it is up to you whether you agree or not or if that is a strategy you want to pursue or not, but even if you disagree and have no interest, I guarantee that you will still learn something that will be useful to you down the road even if it is on a different path.I think (if I may Andrew, please correct me if I'm wrong) the main difference between our philosophies is Andrew would rather find a different market somewhere else that works for his preferred strategy, where as I am more strategy agnostic and say that an investor is likely better served by adapting their strategy to what makes sense for their local market.

You wont want to mix them, since they take different Driveway widths.Below are some notes on RV and Vehicle storage, please take and adapt to your situation.CONSIDERATIONS FOR RV ORVEHICLE STORAGEA.

You can choose believe it is a hoax and not prepare your business or building - or you can adapt and adjust and take the right steps and let it blow over and then open again for business.

They seem very materialistic, so I have a feeling leaving the lux lifestyle would be a problem for both of them to adapt too. 

Adapt to your needs.  

@Mark VejnarI like life here but I have lived in several states while in the Army and I enjoyed most of the areas I was stationed, I can adapt pretty well.

Have you adapted any parts of your process that seem to be more or less successful?

Is there anything you have adapted into your model over the past couple months that has gotten you results, or if looking for guidance on exit strategies that is not just flipping, please feel free to share them!