You are right these decisions are tough and I am not making light of that. Definitely go at your own pace.You have a lot of tools. If you have owned in SOCAL before and lived through a real estate cycle you have a lot of real life experience. Make sure one way or another that the numbers make sense in the current time and that you have a plan b. At the prices you are talking about, like the 2001 price a plan b should be easy to implement. Should you need it and if you drive hard bargain and don’t stretch too much you probably never will.
Please don’t feel like I am underestimating you but be careful with the rehab stuff. I suggest adding 50% to what you think it is going to cost and that you know where that is going to come from and if you are still comfortable, with the carrying costs,if you need it. Hopefully you won’t but going over budget, be it because of delays or scope growth, happens all the time.
