@Jonathan Greene I am close to making my first multifamily investment in Montclair.

Does anyone have a STR in Green Valley Lake (San Bernardino Mountains)? 

As @Brandon Turner and @David Greene mention on the podcast frequently there are at least three parts to every deal- The Deal (finding it)- The Execution (overseeing the work, managing the property, etc)- The Funds If you don't have any of these then you really don't have a valid reason to be in a deal. 

HaHaAre you buying, selling, or sitting back eating popcorn in this market?

Most of the trim (baseboards, window boxes, door casings) had been scratched and chewed by the dogs and was ruined.Being long-term tenants (~9yrs) the finish flooring would need to be replaced anyway, but the amount of damage to the subfloor - particularly on the ground level necessitated removal of the entire subfloor.The bathroom vanity was in rough shape and there was a mysteriously missing square of drywall from behind the toilet (earlier pictures from when we purchased the property showed no hole behind the toilet).The carpet on the stairs and in the closet under the stairs was originally a light green in colour (with traces of red).  

Steer clear of Ares in Norfolk like 26-42nd st and neighborhoods in VB such as Green Run and Salem.

What should I eat?

Can we eat healthy and work out on our own without a trainer? 

If you're margins a large enough then no big deal, but if they aren't then the commission will eat in to your profit.Do you have the property under control via an option contract?

There are plenty that are not in the top 1% that could go a long time before they eat through their reserves because they live a more frugal lifestyle.