He's talking about private home buyers and he's suggesting to keep renting, because the market will go soft again. he's saying that in certain parts of the country, it's cheaper to rent than to buy.

You have to figure in a lot of soft factors too, like how much you like the area for personally living there, where you think the neighborhood is heading, etc.As far as current vs. market rents, I always use current rents because I'm conservative.

@Scott Skinger Let me explain, For Option 1, the prepayment penalty will be Yield Maintenance, Option 2 is a Soft Step Down prepay option meaning that in the first 2 years if you refinance or sell you would have to pay a prepayment penalty of 5% of the unpaid balance of the loan, then 4% in years 3 and 4, 3% in years 5 and 6 and so on.

But the flips are great for cash infusions and to help pay for some of the "soft costs" in development.Couple of notes regarding flips and development.1) I think flippers don't know what they don't know.

Is the mold located on hard surfaces or soft?

Again, short term rental, we’ll call it c+, maybe a soft b-. 

CA is traditionally soft Oct-March anyway and the midterm election uncertainty just ads to that softness.

Look for signs of water damage, marks on the floor, soft wood, stains, etc.

- Is construction costs (soft and hard) of $175 PSF for a new apartment building sound reasonable? 

Terri,I believe I would be pushing the soft sell if I wanted to entice you into my product.