Wisdom that helps us heed Buffet's admonition...

I purchased in West Valley City pre-COVID and have seen massive appreciation.

This is why everyone is in hard on the massive theming strategy.

Ya 3.8% return if you use the current value, appreciation has been massive over the last 2-3 years.

It is not a reappraisal, it is a massive legal rip-off!

I wanted the business to grow primarily because I saw a massive void in the market for intentional, investor-focused SFR property management.

In 2023 my five properties across two single-member LLC's had 7 tenants just decide not to pay rent, and 3 roofs had to be replaced.  Thank goodness for tax deductions, right?  Before I was in real estate my business ...

If you think the way you do right now, you'd be a massive panicker and getting back into the W2 life.

You may pay more for this sleep aid.As is now clear from Prop 19 and the massive forecast budget deficits at state and local levels, Prop 13 remains a huge target for state and local electeds. 1031 exchanges seem to be impaired by Prop 19. 

So there has been a massive flight to multifamily projects pushing cap rates down to a point where it doesn't really make much sense.