It's a chain that I don't like to see perpetuated.

I have taken huge interest and action in the tiny home movement!

But, I just thought that I would have had some movement on this unit by now.

It effectively means a fixed term is in practice a lease in perpetuity until the tenant decides to terminate or the landlord pays a penalty. 

but if you can get in the game in the Bay Area and if your like those that all chim in on BP I am buy and hold for ever... where do you want to do that.. in a market with history is no movement or in a market with a history of wild upward swings over time.

It's very easy to fall into the perpetual cycle of "but is it good enough?"

By raising or lowering short-term interest rates, monetary policy affects the housing market, and in turn the overall economy, directly or indirectly through the effects of interest rates on 1) the user cost of capital, 2) expectations of future house-price movements, 3) housing supply, 4) standard wealth effects from house prices, 5) balance sheet, credit-channel effects on consumer spending, and 6) balance sheet, credit-channel effects on housing demand.If a bear market emerges, then we should expect home devaluation nationally of 20% to 30% or more in markets overvalued relative to wages and rents.

You already posted this scenario.. while it can happen you will have to hunt for it.like all things real estate returns price for risk.. rare is there high cash flow AND appreciation.. and tiny appreciation like 3% a year might look good but its not real.. you buy a rental that will make 12% under your scenario you need to find a 50k house that rents for 900 type thing .. which you can find.. so 3% appreciation it goes up a whopping 1,500 a year.. but in reality it stays at the same value.. since the next investor wants to make the same money you are.. only way values increase substantially is rents go way up.. and in cash flow markets rents ( which is a good thing) are generally very stable with not a lot of movement up or DOWN.But for your exercise check out small little towns in PA  and outside of Pittsburg and up towards Erie.. you will get the cash flow i bet.. appreciation only on paper not in reality.

If you haven't yet, look into the FIRE movement (financial independence, retire early). 

The greater Chicago market, while seeing movement, is still saturated with product and sales take time.