Every penny you spend to survive will shrink your investment possibilities.

Mike, I understand what you are saying and for your business model, I do not disagree with your financial analysis approach.

I had to persevere just to survive in my mind.

I am setup with a Federal Savings Bank that is geared toward Real Estate Investors in all 50 states, 1st or 2nd mortgage/residential or commericial. 95% of our business model is structure around working with the the capital & cashflow needs of todays investor in any market.

If you will just survive through the low times then when you get back on your feet you can focus on taking the right actions.

The strong and innovative investors will survive.

. $300 per square foot may not even be enough at the moment.New build semi custom homes in Ohio cost about $300 per square foot to build at Ohio prices - I can't guess what it is in Cali but I know it will be more.The insurance marketplace is a dumpster fire and agents are trying to survive at the moment.

Cities that are more likely to survive an economic down turn. 

If there is a water lien on the property it survives foreclosure so you would need to do a negotiated payoff to get released.It might be different now but that was my experience years ago on an apartment building that had an overdue bill with leaks etc.

But as the end game for retirement income it's a good model I think.