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Totally depends on the location, the property, and the price. There are plenty of places in Santa Monica that are sitting empty. I see apartments with the WestSideRentals signs up for months on end. Other places get snapped up quickly. From what I can tell they aren't stringing me along, but rather life getting in the way. Business travel and a sick kid slowed down the process. I know they ran the credit check though because Quicken Loans woke me up this am to talk to me about my current refi (jackoffs).
Certainly plenty of flakes in the world. I try to avoid being one of those.
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