However as the markets for rentals in California started to become less and less attractive (CAP rates below 6) I started to transition to flips to build up cash and reduce my long-term exposure to buy/holds that might not make as much sense if the rental markets turn and rates move up.

I've had a great house in Seattle for me and my family for a good while now.Just to clarify what I mean when I say risk, I'm talking about total financial risk (which is why I'm limiting exposure to a tolerable $50-80K in cash outlay and will be looking closely at liability issues) and the risk of biting off way more than I can chew from a time, logistics, and experience standpoint.

My exposure looks like one or multiple evictions and 3 months worst case of lost time.

I currently work full-time for an organic food manufacturer, but have some exposure to real estate in the past.

With this strategy, you minimize your financial exposure while you garner much more detailed information about the neighborhoods, tenant types, uses, etc.

Urine exposure can actually "burn" the dyes in grout, it was obvious she let the urine sit there for awhile.

Hello,I have helped my parents in renting their homes many years ago and remember that we had to provide a pamphlet about lead based paint and how to reduce lead exposure to the renters. 

I was researching to find ownership info, market rents, and values on commercial properties, and even some basic underwriting on properties.I learned a lot, and the exposure to the Real Estate industry really motivated me to become an agent.

More media exposure, HGTV, etc have increased the demand of "why don't I try that" people so prices on active markets have increased so it appears margins are decreasing. 

Then their is the gigantic apartment for sale on Carroll but that is a no fly zone for me.Combine this with my post from the other thread on too much A-Class inventory coming on line right now and I think it would be wise to really sit down and figure out real exposure to risk before buying any multifamily around downtown or Notre Dame right now.Edit: The above was super negative!