I have a number of clients that buy fourplexes in Universal City, Converse, and Selma area.

No matter how good or bad the property is, your first property will be the one you likely will make the most mistakes with, and conversely, learn the most from. 

Also beginning to have the capital raising conversations with my current network with some success.It you have advice or contacts or may be interested in investing in those markets let me know...Thank you!

It comes back to the time value of money conversation.

Why the conversion?

I'm not saying I wont work with my tenants, because we've had conversations on this issue.

Great book to help on the negotiating front and get what you are looking for in any conversation.

The keyword alert will ding you and you can jump into the conversation being had at that moment. 

As far as going to tenants and asking them their status, that is a conversation that you could have and is warranted.

I don't have time for this back and forth and since you want to have this conversation publicly:You really should read the whole section instead of picking and choosing:"In the 1980s several Federal Courts of Appeals were asked to decide whether expenses paid or incurred during the preoperating phase of a profit-seeking activity were deductible or had to be capitalized.