Hence the reason why I thought hard money would be required during the seasoning period.Also I think we are heading into a correction for some areas of the country which means you could loose some of the value and eroding the 25-30% discount it took so much effort to find.For now I think the smart money is to buy with rehab in mind and only take deals that can also buffer for possible interest rate increases and some market softening.

(or moving them from rental to rental) I've also softened my pets policy a bit.

I understand that its just business and it comes with the territory of property management, but I am wondering if you guys have any strategies or tips on how to soften the blow.  

We were already seeing a bit of a softening in the market.

Markets have softened a little.

This is a get rich slowly game and no need to jump into the deep end right away.If you can get it pre-leased that usually softens a lot of risk.

Do you think it’s softening?

Do you think it’s softening?

@Jon Schwartz1) To begin with 3 million FMV in California captures innumerable small business owners standing entirely on its own, but if that weren't bad enough, the valuation standard is actually aggregated across all properties owned so it's not in fact in excess of 3 million per property making it much worse still.2) Commercial properties have a very suspiciously expansive scope in the initiative (the devil is in the details, as is typical, and here as well) thus capturing both mom and pop businesses and in many cases even agriculture.3) Unsurprisingly those proffering the provision have acknowledged it is but a first step, once they get their foot in the door with passage of the initiative they will shoot for full repeal of Prop 13 targeting all real estate owners.4) But you make a really great point, sell it as tax on fat cats (while in reality it's scope will hit many many small businesses) makes it palatable to a largely uninformed electorate and further softens them up for delivery of the really big hammer when they shoot for full repeal of Prop 13.

I do think the markets will soften up once evection and pre foreclosures get unlocked.