The rehab deals on the MLS are drying up in this area.

Like the dry cleaners.

In sept he stopped taking in new inevestments which meant all his reserves would have dried up.

There was a lot of wood rot in and outside of the home.

So anytime any work had to be done to plumping, run phone/cable lines etc. the ceiling had to be damaged to gain access to the mechanical's of the house.Also, it was carpeted and about once a year in the spring moisture would seep into the basement and I would have to be diligent to get it dried up or otherwise it would cause mildew/moisture issues.

They train them up and know the majority will squeeze out one to three deals from family and friends before it dries up.

But I have literally seen houses rotting into the ground that Realtors are happy to list.  

Yes Albert with SFR drying up many are cashing out and going for commercial properties and large multifamily where the markets still have competition but not as flooded as SFR.I am working with multiple clients who are employing such strategies.

I would say to everyone keep their powder dry.

You can think you're a rock star racking in the money, then the economy changes or the laws change, or financing dries up, or it changes from a buyers market to a sellers market or a sellers market to a buyers market.The REAL DEAL investors thrive in any market condition and especially when there is chaos.