The IRS has stated as much.When all you have is a hammer, everything looks like a nail.

I asked my tenant, and he explained the nailed holding the gutters got loose, and spent a good Saturday nailing it tight.

In my case, I can get by with 100% vacancy so it's not any kind of disaster for me, but I can imagine anyone that probably bought in the last 2-3 years and needs that occupancy to make their note is probably chewing their nails off by now. 

Get your Preservation team together, locksmith, website and start looking like you can professionally take care of a banks Asset.

Also, net income is hard to nail down in many cases.

Everything is a struggle and you have to fight tooth and nail to catch a break.

Thanks Account Closed--that's what I've heard, too, just trying to actually nail one down.

Though if you are the builder, you can do do this for under $100 SQ FT (I'm not builder, nor a hammer/nails guy).

Many cash buyers these days in California are not investing for cash flow but for capital preservation with the chance of appreciation.

You could be missing out on an excellent opportunity for preservation improvements.