Please pardon my ignorance but this is why I am making my first post, help me understand.We’ve all seen the market phases chart explaining:Phase 1 - RecoveryPhase 2 - ExpansionPhase 3 - HypersupplyPhase 4 - RecessionI understand why this is valuable to certain types of real estate investors but I’m failing to find much more understanding short of obtaining the best price when you buy a piece of real estate for the “Have and Hold” Real Estate investor.So... as a have and hold real estate investor, why do I care about market phases beyond obtaining the best price?

in VA a 30 day notice is 30 days from the rental due date not just 30 days from.whenever you choose and he ignored his false 30 day termination via email so if i were to pay the prorated amount i would have agreed to his terms and he is not accepting my rent and I have severe health issues and needed the time I was legally entitled to. 

Ignorance is bliss.

The owner either faces reality or you get lucky and find an ignorant buyer willing to over pay.

There's an excellent chance you end up renting your unit to someone that otherwise would have not been part of your applicant pool if you ignore the market price. 

The price was just to good to ignore.

We have had a couple tire kickers low balling us, usually we just ignore those emails.

Conferences are overpriced and are usually just to be ignored, you'll get 100x more from your local real-estate groups. 

Here is a quick calculation: Monthly Annual Income 1,300 15,600.00 Vacancy (1-mont) (108) (1,300.00) Total Income 1,192 14,300 OpEx 302 3,619.00 PM 119 1,430.00 Maintenance 92 1,100.00 Total Expense 512 6,149 Net Income 679 8,151 Mortgage Payment 420 5,034.00 Cash Flow 260 3,117 I ignore the first 2 years.

Just mostly ignore any discussions about tax and legal.