However, this area is going through gentrification and we are unsure about the volatility of occupancy as well as the types of tenants we might be renting to.

I don't see this with new construction inventory homes we have one for our new builds in Oregon  specifically for the lumber package which in our market is the highest priced item.. and most volatile with wide price swings.. all of the pre sold new builds in our market have this.. once the home is done and priced then of course the price is the price and we garner the 50k appreciaiton..

This chart assumes that the "Status Quo" is an account growing at 10% annually with no volatility.

As mentioned real estate is a secured asset class so in volatility its a place to put money but the challenge is its not liquid.

A cash flow investor doesn't primarily care about the direction of the market, but rather if a property is a good "investment" because it can generate cash flow and stay stable during volatile times.

. - More than covers rent 2/1.5/1 car garage - Provides optionality - Zero time/mindshare to re obligations- Peace of mind regarding stock market volatility- Allows complete focus to continue current cash-flowing business, while cofounding company #2.Sharing the above to demonstrate it’s different for everyone.

So the way the mortgage debt is structured in USA , is making as the homeowner is always win-win (regardless of rate movement) ; while mortgage/debt holder/investor is losing money when there's volatility in mortgage rates.Imagine Silicon Valley Bank bankrupt is because they are giving us money to purchase house literally LOL...In other country, only 2Y ARM product exist (so there's balance of risk between mortgage holder and home owner).What's crazy now in the USA is some of those lender goes bankrupt with those fixed rate for 30 years, while the asset value itself is actually increasing as residential home is started to going up.Which means only one thing:*Buying residential house in US with 15YFRM/30YFRM is no brainer investment activity*

Couldn’t agree more with your comment that rent volatility will be market specific.

Bitcoin is slightly more volatile ;-(  and doesn't have a capacity for depreciation on your taxes. $$$ ;-) 

I have done a flip before but to be honest, this volatile market scares me at the moment with flips.