It's not as simple as homes that were burned being rebuilt and original owners returning to them.

Increased revenue and decreased parking demand allowed us to carry income-restricted units as well.We originally planned on spinning it out into a brand, but we never had the bandwidth to do so.Our largest hurdle has been education as most of our tenants are coming in to rent traditional units.Investors did not love it. 

My Glendale house still performs well, but it just seems to have a bit more on the member management side than the rest due to the members I have been exposed to. 

Therefore, if you look at history, real estate has continuously performed in an upwards fashion while, like any other investment, has experienced short lived corrections from time to time.

I invite you to perform the exercise and find what your cap ex allocation should be.certainly $50/month for maintenance/cap ex and misc is not enough and this property is definitely cash negative when properly allocating for expenses.  

The main house is original (this place was built in 1924, very cool) and we rent it for $1,650/month.

Originally posted by @JJ P.

Originally posted by @Brendan F.

I had just mastered the original deal analysis and was getting comfortable analyzing deals.  

Originally posted by @Brad Hammond:The Real Estate Guys do a great newsletter with lots of high-level information about the economy and how it impacts real estate.