I also want to put a strong emphasis on what John said.In 2020 there was a "fund syndication" that was investigated by SEC as it promotes real estate with fraudulent mechanisms and is suspected as a ponzi scheme. 

If they are looking to build generational wealth they may not put as much emphasis on year one metrics, since they are investing for the long game. 

." - Emphasis mine.And from the site rules in case anyone is interested: I - Do Not Flame or TrollFlaming, flame-baiting, and trolling are not allowed anywhere on this site, including in posts, signatures, and private messages.

When we coach Subject To, the emphasis is on doing so safely and legally.

So there are a bunch of things I do to get pumped up to go do real estate that don't necessarily impart any knowledge:-Read-Listen to Grant CardoneI actually think there's been too much emphasis not necessarily on reading but on mindset. 

There is no emphasis placed on expenses which disproportionatly impacts NOI in lower tier assets and pays zero attention to the useful life on major systems which may be barely hanging on and in need of replacement.

(emphasis added) 

For now I am more inclined to focus on equity and thus the emphasis on the price of the underlying.

Market appreciation is nice to have, but since it's largely out of our control we can't put too much emphasis on it.Real estate's advantage over Wall Street is that we have the ability to force appreciation of our properties.

I'm aiming for a solid return on cash, and I agree with your emphasis on positive cash flow.