I'd be okay taking a swing for a $30k profit if it's a good buy and hold property.

Thanks, Sam - I don't know if I fully subscribe to the 18 year real estate cycle, but a huge market crash is already in full swing in various CRE asset classes, including multifamily.

I have the spreadsheet.2-parts: First, take a big step back from things with properties, clear head, go golfing, fishing, whatever just "clear the deck" of everything.     

Purchase price: $212,000 Cash invested: $25,000 3 bed 2.5 bath townhouse 1 mile from Augusta National (Masters Golf Tournament).

I have 54 years of life observation that tends to prove true.Our market was on an upward swing for nearly 15 years.

The lease was re-crafted when I purchased to add an appendix that strictly prohibits trampolines, pools, swing sets, and more. 

I can't swing a dead cat without hitting someone looking for the lazy way to make a fast buck in RE.

A 5% swing in the U.S. cowherd determines high and low prices.  

Since I use it when I come down here to do work, and we have family visits here, it doesn't particularly bother me that it loses money as I just consider it a luxury like playing golf or flying airplanes.

I would ride on my golf cart to the houses being built on the weekends just for fun.