Well, it's boring if you don't like scuba, snorkeling, boating, swimming, fishing, the Mayan ruins, Xcaret, riding around in golf carts, a marina, Dolphin Encounter, etc. in a very secure, safe environment that has a very low crime rate, and is constantly patrolled.

I do acknowledge I have a hard road ahead and missed the free ride part of the trip. 

So lets say we're good at market cap rate 6-8, then for the next 10 years you would ride til cap rate 4-5 again , but then during this point of market cycle 3 or 4 cap rate, then cap rate would regress to cap rate 6 again (aka losing valuation every 8-12 years).This cyclical thing in MF, we don't have that problem in residential.In today's 5% CD rate, I am feeling very safe if I have to buy primary with 5-6% ; or invest at CD ; but with multifamily volatility and rent dropping, it's not good investment outthere.

I have to ask though, if she has herniated discs that are so bad, how often is she riding the bike?

Returns- flip at  say 5 year plan or if you have to hold to ride out the market.  

Let's ride! 

It has been quite a ride. 

Assuming I had the experience, I would only buy a place with structural issues if I had 1) an experienced and trusted structural engineer telling me a clear, and verifiable explanation of the cause(s) of the problem and a viable and affordable solution, 2) trusted and experienced tradespeople who would be implementing the solution (carpenter, mason, etc.) confirming with me that they could fix the issue (with 90% or higher confidence that the issue could be resolved within budget), and 3) confirmation from city inspectors that the issue (and an inability to fix the issue) would not result in condemnation/revocation of occupancy permits. ...and even then, I'd only proceed if I had the cash reserves to ride out a major series of unexpected problems (e.g.; time overruns, budget overruns, unexpected revocation of occupancy permits from the city, etc.) 

Ride it out your listing is great, your in the top 10%, they will come.

You can read all the books you want about how to ride a bike but you really don't know how to ride a bike until you get on and start pedaling.