Yes top end of market is where the higher leverage and higher concentration of discretionary income (Wall Street bonuses, high tech stock options), so it takes a hit first....

I prefer to hold, if I can, and I'll ask for a seller balance carry-back, but I think she wants the cash. 

I'll start off by saying, I've always had mixed feelings about realtors, so please forgive me if you are one.

John, I'll send you a quick PM to touch base.

This really hit home, and has prompted me to get over the fact that I'll never know everything, and there's no better time than now to jump in with both feet.  

I will be relocating there after the new year.Additionally, I'll be in Los Angeles in two weeks and would love the chance to meet up with local experts.Thank you so much!

In the beginning I'm sure I'll be the one asking all the questions but in time I hope to be able to share what I've learned with others.

I've done most of the work on all the properties myself, but am now trying to move away from that since my job has become much more demanding and my time much more limited.I'm looking forward to contributing to the forums where I can, although I'll be the first to admit that the way I've done things in the past probably haven't been the most efficient way to go about investing.

I'll send you a DM, thanks. 

I feel like if the market has a downturn right about the time when my arm expires I’ll be facing lower rents and higher interest rates at the same time.