the hardwood floors were swollen so that there were humps in the floors 12 inches high, and mushrooms were growing in the wall to wall carpet.C. 

If you ever have need to refer a management company in San Antonio - let us be the referral company of choice.Good luck out there! 

The hardwood floors were warped and there were humps in the hardwood 12 inches high. 

I would like to ask  @John Leavelle and others, how do you get over that psychological hump of owing large amounts, even if income stream is very stable?

Would either of us be able to write off expenses and depreciation? 

Lots of great thoughts here however I object to us being "overdue" for a crash  sure markets are cyclical but crashes are relatively rare in housing and 08 was an anomaly

I walked away due to us being too far apart after 4-5 counter offers, and the owner is now reaching back out.Am I way out of line for a quality property built in 88’ that requires no immediate improvements and almost guarantees appreciation for its location??

I keep hearing about us being at the top of the market.

I'm not sure they'd even want to deal with a loan because it would still be taxable income that they're trying to avoid.Managing it from afar, us being in Southern California while they're 15 minutes away from it, would be weird I think.

I've been to a couple BP meet ups, listened to the podcasts and I've read a couple of BP Books, and other real estate related books but I can't seem to get over the hump of taking action.