While we can never be sure where we are in that cycle, we can be certain that it will dip or crash again at some point.  

The market here is pretty hot right now.I started looking at doing another flip after I sell this one, and there are no lots for sale or many fixers either,so what I have been thinking about is building a second unit in the backyard of this house.  

The tub stayed as it was in good shape, the vanity was on sale and the tile I got for $0.49/SF, which anytime I find something decent at that cheap of a price, I buy them out of stock!

Hi,I am researching this business niche also, very interesting discussion...I see co-working is new business model so never went through recession cycle, not sure how it will go in next recession...I can see downtown in major metro doing excellent right now, not sure about small metro and suburb area.How about Regus model (Office space renting only)?

Since the loan will not be paid off any time soon by solely making monthly payments, does it make any sense at all to continue renting only breaking even, or should I pull the trigger on the sale and take what I can get for it, even if it means taking a big loss from my purchase price in 2010, just to be done with the house?

Do you have a power of sale clause in your deed of trust? 

Broker is the same thing as sales person, which is the same thing as what most people think a realtor is. 

Is there an impending foreclosure or tax sale sometime down the road?

No offense to any I'm just trying to get a good insight on how this will work as not all good deals have to come through wholesale or sheriffs sale.

and it's a short sale SMH so silly when a seller tries to squeeze more out of a short sale.