CoC 9% and mid-teen ROIs leveraged.

I guess it's 'sexy' again. 

It's pretty cut and dry, but it works and now he's worth enough to buy every man, woman, and child a nice sandwich and a bag of chips. 19.7% annualized gain in book value isn't as sexy as day trading, but BRK/A just closed at 190,500 a share!

But don't fall in love with 1031s because it sounds sexy.

In the late 70s and early 80's mortgage rates were in the mid teens, thanks to rampant inflation.

They had children in the house of varying ages (one late teen, one likely around 10-12, etc).

Matthew Philipchuk, on houses, I'm seeing around 7% to 9% net yield (we've been buying as high as 14% net yield but cap rate compression is underway), and on a levered basis we're in the high teens.

Returns have been in low teens percentage so fairly good for turnkey.  

You don't get the chance to earn a sexy return like a lower priced property with a higher rent to price ratio but you also don't have to deal with the downside that is inevitable with those properties.After you have a foothold on the industry and the process of being a rental property owner you can look into higher risk/reward investments.

I aim to achieve an IRR in the high teens to the investors using very conservative and achievable assumptions, while leaving enough meat on the bone to carve out a promote for doing my part.