They’re also subject to strict regulatory oversight at a State or Federal level.

Thanks for your repl\y Sharad, I didn't think about hardwoods although getting $1,700/month definitely makes me give it a thought after you mention it, so your decision for hardwoods is based strictly on the rent amount you're getting from a property?

In our model, our JV partners don't care at all about appraisals because the property will appraise for about what we have in them....but we're turning single fams into multi which are then valued strictly on the net cashflows & rents.

The fact is that in todays society smoking is not acceptable and wise investors will simply acknowledge this fact and have a strictly enforced no smoking policy.

Stay strictly to the facts.

@Angela Smith - Is this strictly an investment or are you planning to live in the unit?

In California we have very strict environmental standards that, depending on the location of the property, can add time to projects getting the necessary approvals, etc.

I'm not sure if you have dealt with the EDD in the past however they are extremely strict in everything that they do.

I've noted that BP takes a strict stance against spamming - thanks for that.

My landlord has a judgement of strict foreclosure against him.