With this harsh reality as a backdrop, let’s wash our hands, put on our face masks, social distance, and get under the hood…Consumer Price Index.

@Bonnie RhodesI started with index funds in college and bought my first property when I was 23.

By the time journalists are taking note, it's too late, the movement already happened... journalists typically use the Freddie Mac rate index, which is a week out of date as a standard feature, for example right now it's 2/4 and they last updated 1/30 using data drawn from the week immediately prior. 

@Reggie Maggard I would check your tenant-landlord laws in Missouri in DC it states For most tenants, the rent can be raise once in a twelve month period no more than 10% of the consumer price index.

I would focus on your day job (and increasing your earnings and position in your organization), go all out learning and reading every real estate book in the library, even buy a few used..listen to every free podcast on the Internet....then put the savings in, like the others say, a low fee index fund..

Or ETFs or Vanguard index funds for that matter.I only say this to caution you, and others who are considering their investments choices (myself included), that investing with a turn-key solution is not really being a real estate investor (in my opinion).

From what you've described I'd be very careful and possibly not do it at all.I think you should research or talk to some people who had done condo conversions in the last cycle.I didn't do any, but my impression was that they really took off when singles and small multis became prohibitively expensive, but the demand was still there.While our market has certainly come back compared to, say, 5 years ago, I don't exactly get the sense that we're at that level of demand, the "condo conversion sweet spot" (when singles/multis get too expensive, but before the whole market falls).Besides researching the condo market in general over the past couple of years, another thing you'll want to pay attention to is the "affordability index" for SFs as I believe that is related to condo demand.

In fact, the high end market has been getting soft since the fall of last year while the mid-end is holding steady, and the low-end is still thriving.The LI for CA has turned down quite sharply compared to several months ago while the Silicon Valley economic index is rounding out the top.

But if you think about all the tax deductions, rental cash-flow, property appreciation we've seen in just these two short years, it has been a much great return and has accelerated our net worth growth so much more than Stocks have.On the other hand, I've never had to sweat or bleed picking a stock or index fund, but this morning I am sore and bruised from being busy last night picking up two kitchens worth of used cabinets off craigslist. 

The recorder of mortgages shall index the affidavit only under the name of the tax debtor and current owner.F.