I'm the son of a retired CPA but not one myself, so my understanding of tax codes is only at a moderate theoretical level of why they are the way they are and how they work on a big scale, not the finite details to give true tax advice. 

Effectively, I run away from markets where alternative housing options (owning or renting stick built homes or renting an apartment) are the same cost or moderately more expensive than mobile home options.  

If things take a moderate dip in the next few years, it could be another 5-7 years, or more, before you have the equity you have now. 

I just use moderate leverage and good cash flow.

@Benjamin Goodpasture I sent you a private message, don't want to get myself into trouble "deal making the forums" isn't allowed, and being a moderator I need to adhere to rules. 

Listening to the podcasts, most guys say to stay away from the high crime (obviously), but what about the more moderate levels? 

I told him that I wanted to purchase the property, do some moderate rehabbing, and then resell the property.He seemed confused that I wanted to buy only to resell a short time later (flip).

This will be my first purchase but I've done a lot of research and believe I'm moderately well prepared as a newbie. 

I'm not saying RC will end it, and I actually suspect that in Portland's case they passed this legislation at or close to the end of the cycle and rents will probably moderate out just as new supply hits the market making this whole thing a moot point.

More experienced sponsors, from my observation, seem to be more moderate in their projections, and aren't telling investors they'll get crazy high returns at this point in the cycle.The more experienced folks focus on protecting the downside, showing that the value add plan is achievable, and having a highly experienced team.Your thoughts?