But that's happening throughout the advanced world and nothing we can do to escape it.

Of course, it won't escape some broad correction in addition to just inflated asset values, but historically real estate and gold have always been the store of wealth across centuries and values will come back.

Do you make $50k a year, have $40k in expenses, and want to augment/escape your W2?

If you sign a term lease you are essentially just tossing the dice on total strangers with no plans for escape if you are wrong.

By the way, it goes both ways as you are protecting the tenant's health and safety (locks, smoke detectors, fire escapes working, no broken windows, place is clean and free of bugs, furnace filters changed, etc...)

Respectfully to all here, I have escaped the 10 year market cycle and sold high, realized all kinds of cash flow on these condos (again I want to mention they had HOA fees I could not control) for much much higher cash flow, further deferring my taxes.I'm sure, the next phase will be refinancing or 1031 exchanging these Apartment complexes and following proven methods that true Multifamily owners have followed for decades and will now follow for centuries.  

Plus a lot of people see real estate as a way out of something, not a way into something that could be equally as much work or more than what they are escaping from.

and "1 million is heaven outside California".I was in the same position a few months ago and I found my answer:  "If you can escape from California HCOL, and move to South, that would be the best IMO".

Fill a room up and where ever water would flow out then sound will escape. 

Fortunately, I escaped with a couple of stitches.