I, too, agree with his philosophy in that it is quite easy to make money in a prosperous industry whereas it can be quite difficult to make money in a declining industry even if you have very talented people working for you.Although Buffett has not explicitly stated his investment criteria, if you examine his deals during his peak years, you will find that he liked buying companies with ROEs greater than 20% (with low leverage) and a P/E ratio of around 8 to 12.

Like you mention AV is a one industry town, it is sort of but 30% are LA commuters so there is more to that story if one cares to examine.

The appliances are also dated, so would need to be reviewed w/r to functional performance and efficiency.The kitchens look to be dated and would need to be examined more closely to determine if/when one should plan to begin replacing cabinetry and counters.The exact determination on the amount of reinvestment would be driven by how one runs their business and the type of neighbourhood (A, B, C or D).

Every state has real estate commission examiners, it won't be hard to find offers that were not accepted on transactions that would be higher than the ones accepted.Offers not accepted can lay dormant for years as they are required to be on file, without discovery, but when you have an issue come up, the audit trail can include searching by dates, names, addresses, by broker or agent.Jose, don't tip your hand, the more you keep that Realtor in the dark as to why the deal is not going to happen, the better, they may get insanely ticked off giving them more rope to hang themselves.I'd have a ball with this.....

That chimney needs to be taken down for sure, but the chimney company will be able to examine the liner and tell you if it is in good shape or not.  

I'm a certified ICC (formerly ICBO) building inspector, plumbing, HVAC, electrical, permit technician and plans examiner.

That is wonderful, that is great, he can want whatever rate he wants, but if you examine the MHPs that have sold in the last 12 months - those selling are at 7-7.5 cap.

See section c of a portion of a zoning letter below...Ladies and Gentlemen:At the request of xxxxxxxxxx, we have examined our records with respect to that certain real property with all improvements thereon, lying in the City of Richmond, Virginia and identified in the City of Richmond’s real estate assessment records as Tax Map: xxxxxxxxxx, commonly known as xxxxxxxxxx (the “Property”), and we are pleased to advise you that:a.

She sent me this information to qualify her information:________________________________________________________________________http://www.dre.ca.gov/Examinees/BrokerExperience.htmlAcceptable Kinds of Equivalent ExperienceAn applicant may qualify with two years full-time experience, gained within the five-year period immediately prior to the date of application for the broker examination, in any of the following areas:1.Experience as an escrow or title officer or as a loan officer in a capacity directly related to the financing or conveying of real property.2.Experience as a subdivider, contractor, or speculative builder, during which time applicant performed comprehensive duties relating to the purchase, finance, development, and sale or lease of real property.3.Experience as a real property appraiser.

Love your info Finanance Examiner.