Until the economy shows consistent data no change in the foreseeable future...

That said, just to start the thread off, I thought I'd provide some general feedback...My observation has been that drywall costs -- labor and materials -- are tremendously consistent around much of the country (unlike a lot of trades). 

@Alec Saenz The market will speak to you what your RE portfolio should consist of.  

a clearance center in Deer Park  Long Island with new, but discontinued models for cheap. 

Hi Kristi, I own one of the more consistent wholesale/investing companies in central arkansas.

Thoughts on Tragedy on Refrigerator Island?  

Making it difficult for them to enter the house and consistent annual inspections are your best bets.

All parents ( I assume) want to get their kid(s) in the best school districts and will consider that first and foremost when looking to either rent or buy.However, if you are looking at more of a cool downtown and hip vibe with young professionals and singles, then schools will not matter.Example - in NYC, a lot of families want to live in certain parts of Long Island due to the quality of schools.

I've read many posts on the subject and listened to the podcast and there seems to be no consistent answer.

The entire business would most likely consist of the LLC, possibly a brokerage and all other assets/information possessed by the seller along with the managed properties.