I don't know how most homeowners would react if I just showed up on their doorstep.

I'm a Virginia native now residing in the DC Metropolitan Area.

Todd - Welcome to the site from one native Long Islander to another.

Isaac, as a native Angelino myself, there is a huge difference between the west side and Tarzana.

Happy to see another local Morris County native joining the community.

Some of it was over my head because of my conversance with economics, but I think I get the gist.How do you all feel about the idea of being defensive, scared, and reacting as though s&it is about to get real, vs. staying the course with responsible use of leverage and so on?

My vision is to react to each buying opportunity appropriately as a "transaction engineer."  

It helps that Spanish is his native tongue and connects with his tenant base.

(For full disclosure, before I continue, I'm in the process of getting my license, simply because I want native MLS access.)A couple of things to remember...Depending on your state, you may have special disclosure requirements and other restrictions, if you are a realtor.  

Unless you have direct MLS access or an agent that has you as their TOP priority, it's tough to get the info you need and react faster than your competition!