Plus the trades are aging fast and many will retire and we have a generation of college kids come up who can't tell a 2x4 from a 2x8.Sub 300k inventory (in our market) is the lowest and limited to existing homes - the cost of land, materials and labor force builders into the 400-600 range, so starter homes are like bit-coin: finite supply.Wrapping it all up I dont believe we will see an economic slow down have significant impact on the RE markets - at least certainly not to the tune for 2008.

Keep in mind the only advantage to FHA is low down payment, but if you only pay a small down payment you will be forced to pay PMI (private mortgage insurance) which can potentially send a lot of cash flow down the toilet. 

My husband and i are blue collar, we own a diesel repair company so we are forced to know our rights in business and i find it absolutely abhorrent to see people commenting on this thread stating that me knowing my own rights as a tenant is something i need to be trained on?

You will also help fill in gaps in your understanding way faster than reading about it - e.g. you'll be forced to find financing and insurance for a vacant property and suddenly you'll know 3X more than you would have by reading about it (also read about it, but it's easier to read once you have the frame of reference)3) pick your deal source (wholesalers, direct mail, web leads via Fbook/google ads, auctions, MLS older listings of ppl who are getting desperate as we head into fall) and get really good at working that one flow.

@Greg WalshYou can’t force someone out.

Looking forward to connecting to anyone and everyone who may have items to discuss and I look forward to being an active and helpful force in the forums.JJ Lopez

Since the lease doesn't have late fees there aren't any for him to include with his payment, should you choose or be forced to accept it -- he would be an idiot to pay more than his contract calls for.Your recourse is to attempt to get him to sign a new lease, but you can't force him -- he's already under contract, so he has no incentive, unless you give him one, to sign a new one. 

Being from California is seeming  to force me to invest out of state. 

I’d look into what that means as far what hoops you’ll have to jump through to get approval, as you may be looking at considerable additional expense because the hysterical society may force you into a major restoration instead of just doing what makes the most sense for your business.

Originally purchased to live in, forced to relocate after 3 years for job.