I've used the same funds from my first house-hack, and continue recycling (BRRRR) them each year to buy another, and another, etc, while I continue growing my rental portfolio out of province/state. 

There are a few reasons for this.Most are not educated on importance of recycling and how much utilities actually cost.Most do not work so are home ALL the time.Since they are home they take care of relatives' kids during the week.The inspections are basic and straight forward.

What I’m trying to understand is why everyone thinks we’ve hit the later stages of this RE cycle.

How can you take what you now know and transition to a strategy that helps you recycle capital? 

. : )I should also mention that REI for me is my part time job as I have a good 9-5 job that I can live off of. 100% of my rental returns gets recycled into new investments or saved and then put in to the stock market.

Indeed, we could purchase some we’ve seen for cash but our goal is to use as little money as possible of our own and of course to recycle it over an over.We are faced with a decision, as we have plenty saved for a down payment, along with money for repairs or capital expenditures and holding costs.

You could get there in 1 year if you’re buying right and doing the BRRR method to recycle your liquid cash.

You need to find a strategy that lets you recycle your liquidity.

But I think your headline about infinite return being BS has valididty for another reason: in order to achieve 100% cash recycle rate you have to keep the remodel superficial. 

If you recycled that money once more within 12 months, the return would be double that.Please check my calculations as when I was flipping heavily I used to be able to do these calculations in my head very quickly, but I am a bit rusty now.