you may be true, I sometimes realize that all the great movies I have seen about have become partial realities in one se ve or the other, yet I cannot discount great wars were fought, lives lost and those propagandas overturned.

You stated that your monthly cash flow is $700, so your annual ROE is 14%.

Wendy BK, consider selling the properties that you have that have the lowest cash-on-cash return or properties that have the lowest ROE (return on equity).

Having debt sufficiently large to balance both ROE and real cash out of projects makes sense for many investors.

Tenant filed a motion to overturn the default.

Your vacancy looks very low, too.The bigger issue is that even with your optimistic cash flow assumptions, your Return on Equity (ROE) is only ~7%.

@Mike Lynch Your ROE does sound a bit low, but that's one of the problems with 1031 exchanges - they rush you to do a deal and sometimes you end up paying retail to avoid taxes.

What's the overturn? 

Even if the unit isnt subject to rent control due to the age of your building, given the effort to overturn Costa-Hawkins, I’m nervous about buy and holds in California.

For those that don't know Arizona is one of the few states that have legislation in place prohibiting cities from banning and regulating STR's, however, based on the above we can see that this is under attack and will most likely be overturned at some point.