:Also for the couple of people on this thread that say “ignore metrics because time/the market will take care of that”, You’re courting disaster, The perpetual appreciation theorem doesn’t trump math.True, true.

I got the full scoop and verified it in public records, and can definitively say that the operator could not (legally) perpetuate his scam under 47G.

Looking at areas near the university of Akron is a great route as well with cheaper real estate available for renovation and student housing is always in a perpetual shortage, this would be C to D neighborhoods though proper tenant vetting and knowing there are students can be a lucrative and stable market.

No one had a problem with perpetual income back during the Volcker Put, but they have a problem with it now using a different vehicle such as real estate? 

Don't fall victim to the "BRRR or bust" mindset that is perpetuated around here. 

My issue is with the Q2-Q4 2022 + deals that were sold to investors under shady pretenses such as low cap rate exits, perpetual rent growth, unrealistic capex budgets etc.

Seeing as most career workers do not get paid enough these days, real estate is more of a future survival method and a way out of perpetual financial hardships by being a career engineer.

In essence, he has $45,000 annually in perpetuity that increase yearly in perpetuity all while property appreciates indefinitely. 

I don't think the fear is overstated, but I think it's perpetuated and accelerated by speculation.

To keep it simple, I round to 7%, knowing it meets my 6% rule of 'perpetual withdrawal without touching principal'.