Assuming you're not a cash buyer, and with interest rates climbing, the numbers still are not likely to be great - in the short term. 

Where I live, (Victoria) prices went sideways for a few years and now are climbing again.

He paid me back every penny I contributed, and not a penny more, despite the value climbing tremendously in a boom.

Rates are still low and will most likely climb, so I suggest using long term debt.With the market being hot right now, it might make sense to sell the rental that is a loser.

So you can have all the legal documentation in the world, and still the lower court judges will rule against you.As you climb the ladder of courts, going up to appeals court and state supreme court, the rule o law holds more weight. 

So you think interest rates will climb to double digit figures soon?

You already have some experience and with additional effort, will quickly climb the REI ladder to its pinnacle.

You already have some experience and with additional effort, will quickly climb the REI ladder to its pinnacle.

Cash flow may've been their vehicle to get the properties which eventually appreciated, but, in and of itself, the cash flow alone is a tougher hill to climb.

Hard to imagine that the Vistas were below $100/sq ft and now it's just keeps climbing.