That will give you flexibility should things come back quickly, without eating all the cost of sitting on a vacant house waiting for it to rebound.

I have two flips that haven't started and are just sitting there, but they were good buys so time will play out in my favor.

We can sit here and wish the government through HUD did more.

I would sit on the cash for the time being, and assess various investment opportunities. 

@Jay Helms,So funny, I'm sitting here excitedly figuring out how we're going to make the 17th-18th work with all the kids during the W2 Capitalist summit and I couldn't put my finger on it but I knew I had seen your photo before....and here it was!

Originally posted by @Merritt S.:It's

Am I to sit down with each one, looking at their bank statements, cell phone bills, electric bills, gym memberships, credit cards...and say if you do this or do that you can afford to pay me this? 

It sounds to me like you can't afford to sit on a vacancy (or three) so you're asking the Seller to take a loss.

I recall rejecting opportunities in November 2011, because I felt this was all going to last longer.

Just because I see lots of people, even outside RE, claiming that they can cheaply outsource management or some task then go sit on the beach.