🤗 I’m not a speculator at all my friend.

Until you get the check, it is all speculation now though.

Investing based on speculation is the same if its the housing market or the stock market.

Is this area simply speculative? 

Due to some areas not having rent control, the cap rates that they are trading @ can be extremely aggressive, I have seen as low as 3% based on pure speculation and projections.

@Grant Rothenburger it's because speculation through appreciation can be verrrrry lucrative out here.

I imagine the big players do not keep single residential units in their own LLC's, but that is just speculation on my part.Erik 

Everything doesn’t seem to come close to cash flowing and seems to be more sold for speculation .. future development .Interesting to hear about your direct mail experience , what areas were you targeting on the outskirts of SoCal ?

I'd rather be a little late than speculate on how the market will react to all of these changes .

My opinion is unless you desire to speculate on the Jersey City Housing market, and find that the ~400 loss per month is worth it to have skin in the game, then I would sell.Based on the wording of your post is sounds like you prefer stable cash-flow properties to speculating on the market, but both are fair strategies when properly applied