Markets can stay irrational longer than you can stay solvent, comes to mind.

Those that were experienced booms where, for example, real estate that was worth maybe $100,000, such as a polluted automotive junk yard, went on  sale for over $2 million because it was zoned "Industrial" allowing use of volatile solvents for manufacturing (one type of cannabis distillation). 

I've heard people refer to the return on T-bills as the risk free rate, but even that's contingent on the government remaining solvent :)There's no way I'd go through the trouble of operating income properties for a 10% return either.. and I'd like to assume most others wouldn't either.. although seeing some of the price to rent ratios for recent sales around the nicer suburbs in my area makes me question that assumption sometimes...All in all the thrust of the argument was that a reasonably competent investor should not have much trouble securing, at the very minimum, a 10% return on their capital without taking on excessive risk or administrative burden. 

This matters because if I’m getting financing, or to ensure the association is solvent.

Please show me your bank statements to provide some amount of assurance that they have some number of months cushion so they would continue to be solvent in the case they get sick or in some way can't drive / perform the activity. 

The market can remain irrational longer than you can remain solvent."

In a catastrophic event, could you lower the rent and stay solvent?  

The corporate lease guarantee is only as good as the tenants ability to remain solvent. 

An uninsured worker that gets hurt on your property or a contractor digging up a gas line with a back hoe or disposing of toxic chemicals like paint or solvents into an environmentally sensitive area can result in a huge liability that can easily exceed the value of the property.

"Dabs are concentrated doses of cannabis that are made by extracting THC and other cannabinoids using a solvent like butane or carbon dioxide, resulting in sticky oils also commonly referred to as wax, shatter, budder, and butane hash oil (BHO).