Bear market rallies with the temporary increase in bear market sentiment occur in all bear markets.This issue here is VERY simple.

Oregon WA.. there was a huge boom in the post war 50's to 60s  ergo they made the movie Glen Garry Glenn Ross.. were developers really marketed this stuff.. also its what created Florida.just look at Lehigh Acres  300k lots platted recorded roads pushed through no homes.. those lots are traded still to this day back and forth up and down just talk to @John Thedford  he lives there.and literally every state and county has some land developments that never built out.. my first ten years in real estate from 18 years old to about 28 that's all I did was sell land.. land in those days 1975 to 1985  was the low value rental of today that is so popular in the mid west.. by 1980 houses in Cupertino were I lived were already north of 100 to 150k and by 85 were 500k.. so its the exact same sentiment you see on BP daily...

I'm always in the process of failing forward, so I'll gladly add to this convo:- I second, third, and fourth the above sentiments about screening and interviews. 

I think your sentiment is correct, for some.

If I want cash-flow, then this isn't cutting it, so sell.If I want long-term wealth-building, then the sentiment seems to be option #1 and/or #2.

I agree overall with the sentiment that $100/door seems slim, but as @Mike Dymski stated evaluating cash flow in a vacuum is not how it should be done.  

John,It may depend some on scale, so a few years running a 100 units may be enough  of a landlord boot camp to offer some good insights, but I generally agree with your sentiment and time frame for the average small scale landlord. 

Sometimes, the best deals you make, are the ones you don't.Joe worded my sentiment perfectly but I wanted to add, in times of increased risk such as these, investors should be accounting for the elevated risk in their offers. 

Great points Joel, I share a lot of those same sentiments...

I echo Don's sentiment, I think that there is little to be gained with most real estate guru training, especially those systems that are designed to have you take one class to upsell you to another class to take another even more expensive class.By the time you have spent the 20K or more, in almost all cases you would have been better off to have used free or cheap resources like the Bigger Pockets books and then spent the rest on an actual down payment.I have never taken and paid for a guru class, and have no interest in doing so.Having said all of that, I have a co-worker who did spend the tens of thousands of dollars for the full LU membership and he also invested low to mid six figures on a LU deal.