@Derreck Wells Just an initial reaction to your post - the lead paint laws are significantly more strict in MA than they are in NH right now.

And they don't have to move out either, technically.COVID, and that State & County's reaction to it, has made my attitude toward SoCal housing sour completely, and I cannot wait to be out of that market, even if it has been a cash cow for us over the years.If you'd like a recommendation for a property management company, please message me. 

@Max Alford I think this is a really interesting question (and more complex than it might seem at first glance).A car can say a lot about a person (both good and bad), and there are a whole variety of car cultures that all have different traits.Weirdly, a car that's perfect for one realtor might be bad for another realtor, because a single car elicits different reactions in different contexts.For instance, if you show up in a Ferrari to show me (an investor) a standard $300k 1500 sq ft 3/2 in a C-class area, I'll think your car is totally out of place, and it will throw up tons of red flags.

From your reaction this is  completely incomprehensible to both of you.

See what their reaction is.Generally the tenant is always wrong...they have zero skin in the game and are only thinking of what makes their lives better, they could care less about your operating expenses (if they even know what that means).

Since a lot of people in the thread seem to have never heard of the word adversity before I figured I'd help by pasting this from Webster's Dictionary:Adversityplural: adversitiesDefinition: a state or instance of serious or continued difficulty or misfortuneAdversity comes from Middle English adversite, meaning "opposition, hostility, misfortune, or hardship," which itself is from Latin adversus, the source of adverse, which means "bad or unfavorable," as in "adverse criticism" or "an adverse reaction to the medication."

The reactions there is do more of what's always been done, and that's it.

It will be the reaction of politicians, the Fed, bureaucrats to economic forces more then economic forces themselves that will be the deciding factor as to if real estate is a good investment or not.  

And shifts in the real estate market are much slower to see than the stock market   As for Zillow’s stock, that’s an expected reaction.  

My first reaction to your post is when considering inflation and the cost of money, how many months will you have to hold the home with a profit of $900 cash flow per month to generate $400K of profit if you sold the home now?