I will say that San Diego's economy is based on the defense, medical device, and semiconductor industries, all 3 of those industries are largely unscathed by this economic downturn we are seeing.

Once again, when you loose control you must let your defensive down and here comes THE DEAL MAKER.

For those who end up getting audited, the IRS will not accept ignorance of the law as a defense.

I'm also getting defensive remarks on the other side of the phone.

If you as the contractor are always on the defense and pushing back to potential clients needs with a “my way or the highway” attitude it’s not going to solve anything.

Cash flow is a defensive mechanism to keep your property and maintain it while the other levers are truly what build wealth, at least that has been my experience. 

When I came back stateside I got a job in Maryland with a major defense company.

Not only do you have many investors, would be investors mailing to them but you also have Realtors and Legal Defense Attorneys fighting for these leads.

Apartments are different because the concentration of tenants increases the risks of ownership, there is a difference between someone who trips over a skateboard left on a step by a neighbor kid than by one left by your kid on the front porch.Insurance takes care of most risks, but not all, the risks not covered stem from your management and knowledge, which is the very best defense. 

I asked her about it, and she got defensive and said she never lies.