I replaced it with a steel I beam, no more collapsed roofs.There is a large warehouse here that is 42 acres under one roof.

They can't possible think that a home with multiple collapsed ceilings and now probably mold everywhere is going to sell for what they are owed or even at market value, can they?

And when/if I sell, like u say, that is when the tax would go up higher cuz unless US government crashes or banking system totally collapses or i die or something in the next few years, it (market value for me to cash in on someday) can only go UP as i wouldnt sell for anything less than the purchase price (upon which im taxed) plus 100k, minimum.Because of my avid gardening hobby, it was either Santa Barbara, Newport Beach, Sand Diego or Signal Hill (or MEXICO!) 

I know brokers make that pitch all the time but believe me JV equity like pensions, REITs and other pros don't buy that way and neither should anyone.One other point about buying on proforma; I know eight years ago was a long time ago (and they say real estate people only have five year memories) but if you remember back to those golden days of yesteryear lots of people were buying (and lending) based on proforma numbers and those deals made ripe pickings as REO product after the collapse.

In other words, if I'm assembling a RE portfolio, and I have enough money (which I do), I prefer to search for, look at, put under contract, inspect, close on, and rehab as many buildings at once, and one after the other, as possible until I collapse.

it does line up with the '7 year cycle' of US economic collapse history

There is a possibility that a court may collapse all the series LLCs into the main LLC for liability purposes.

Since we now have Provincial sub-forums on BP, I am going to suggest we collapse them as follows:- Atlantic Canada- Québec- Ontario- Prairies & the North- British Columbia My argument for the collapse is there are not enough active BP members in the Maritime/Atlantic Provinces, Prairies and, certainly not, the Territories to warrant individual provincial/territorial forums.

But we should also remember that exurban areas got clobbered in the 2008 collapse, and we are definitely having another correction in the next 2-5 years.The Albany area could be interesting, because it has arrested its population decline and the state is investing major resources in transforming the area into a nano tech hub.  

Some of those people may  have a house of cards that will collapse when the market changes.