Play close attention to the insurance policy as to what is covered after a potential occurrence, and replacement costs.

One play you could do is a cash out refi if it doesn't effect your debt service too much, and still cash in on additional appreciation in the CA market.

Direct mail can also be time intensive to do it RIGHT.

Every person who picks up the phone to call on a yellow letter or similar marketing play is motivated. 

@Nadir M.As you said, lots of talk, here's the main BP market crash conversation: https://www.biggerpockets.com/...Just discussed with my broker friend @Will Fraser, he expressed that perhaps holding onto some cash and waiting until BRRRRable properties are not selling 10% above their value would be wise, but if you like playing in the ball pit with all your friends, I get that!

I have seen this type of scenario play out many times over the years in my work as a Police Detective in the Economic Crimes Unit.

I find them on zillow and even the county tax assessor website but my buyers keep down playing them and making me low ball offers.

HI @Scott Gadea, the answer is:  Save more money ORInvest in a lower cost market Both are methods that people have used for years to generate great amounts of financial stability or wealth, but the latter is a wonderfully efficient arbitrage play AND many would recommend this because of the fact that your home market is a cyclical market and you'd be wise to build assets in linear markets, or at least hybrid markets that blend the benefits of the two.For more information on investing in real estate outside of your home base area, check out David Green's book Long Distance Real Estate Investing

Listed on the MLS, and through my local network of having spoken with the listing agent and seller previously about other properties which may have helped with wanting to work on this together as I'm well versed with multifamily assets and transactions and don't work with unqualified buyers that play games.

@Forrest Faulconer I think there are probably more regional factors at play here.