Forced Apperception (BRRRR or buying at a discount) is also a hedge against corrections. 

When you get a deal that doesn't make a good rental, but makes sense for another investor as a flip or short-term rental, then wholesale it.Wholesaling: focus on marketing for off-market deals at huge discounts.

It is actually pretty rare that we have any tenants that pay after the 6th so we'll usually give them a day grace period.I would not recommend an out-of-state investor unless he/she had a PM that dealt almost exclusively with student rentals.

In real estate much more money is made by finding great deals and making great deals.To stick with stocks for a minute, would you be as focused on finding the "hot" location if you could find a way to buy stocks at a 20% discount? 

Say I have a first position performing note, what is a typical discount I should expect to give when selling?

Nope.. developers by and large are not going to cash you out and take the entitlement risk for such a small discount.. maybe 500k discount they would but not 100k.. not going to happen unless you find a developer that is not very bright and has money burning a hole in their pocket.

From page 730 (emphasis mine): "All non-business tax deductions and exemptions that were temporarily suspended by the 2017 tax bill should be permanently repealed, including the bicyclecommuting expense exclusion, non-military moving expense deductions, and the miscellaneous itemized deductions.23 The individual state and local tax deduction, which was temporarily capped at $10,000, should be fully repealed.

In this group, you get many exclusive benefits, including a discounted management fee rate of 9% on all properties managed by PPMG, plus the $250 application fee for new applications is waived.This property will be one of my highest cash-flowing properties.

My market is southern CA.I typically purchase off market at a discount.  

When I list a property for an owner as their agent, I often find a buyer direct due to my large pool of investor buyers and give my seller a discount on the commission when I do acquire a buyer directly - win/win.Sounds like this could be a great fit - if you feel the same then don’t hesitate to DM me and we can discuss more details and next steps