Bakersfield is also massive with nothing naturally stopping outward sprawl.

The nature of the remodel would make it somewhat hard to inspect if it was done right without being removed.

@JayHinrichs, you are correct that there are above 8000 members in Subto and with that some sort of dilutive nature based on the sheer size and interactions.

Being a natural cynic, it takes work to find the positive.  

The post below has a link to it if you’re curious:https://www.biggerpockets.com/topics/693527It was my attempt to model the key financial incentives for REI, which members have mentioned above, like inflation protection, capital appreciation, tax benefits, equity build up, and of course the beauty of refinancing.If you’re familiar with project financing you’ll know as value of real capital appreciates regearing will boost returns quite significantly.

CAP from my calculation is +10% so naturally I am going to scrutinize.

Naturally, when worker housing was built it was built in the cheapest place that was close by, and back then that was always in the places that flooded.

Most likely the state where the property is located is where lawsuits would be brought if they are something for personal injury like a trip and fall or something of that nature because the “cause of action” arose in that state.

Modern lumber is also a lot more prone to termite damage as it is softer and easier to consume whereas old lumber is extremely resinous and naturally termite resistant.

When economic activity is explosive, there is a natural increase in demand for the currency required to facilitate it.