This all meant to be food for thought. not a definitive proof f one thing or anotherWhat i take from this is similar to my thoughts on flipping.

So it seems to me that what a flipper should do is capitalize all costs related to each parcel of real property, adding it to the parcel's basis, and thus recovering the value of these costs upon sale of the property. 

We low balled & won on 2 that were a disaster but still flipped them for double after we cleaned them up a bit.Had another with a kitchen full of rotting food, we got in through an 'opened' back door.

In this case, the first lender's whiny attitude and emotional appeal that I'm taking food out of his kids' mouths doesn't sit well with me at all. 

People don’t sue people that qualify for food stamps.

People don’t sue people that qualify for food stamps.

I have a lakefront vacation home in Bellaire along with a vacant parcel behind it that I plan on developing.

If it does, you just need to be prepared to wait it out.One other piece of food for thought: That first condo I bought had a train-wreck of an HOA.

Bring it on, I am much more worried about a 200 unit apartment building coming in down the street than only being able to raise rents 7% + CPI per year.This is something I sent to a local charity we have supported (oregon food bank) which decided to come out in support of the bill.My last point is this, rent controls and tenant protections lead to decreased supply and strengthen both the pricing power, average rents and value of the owner's of existing properties.

Purchase price: $40,000 Cash invested: $20,000 Duplex 2+2 (Private Money) w/ lot attached separate parcel.