Simultaneously, I'd focus on the fundamentals, engaging in daily learning, analyzing deals, and gradually assembling a team of general contractors, agents, lenders, attending investor meetups, and more

Whether you go for LTR or STR, Sacramento is a fundamentally strong economy and the surrounding areas - Roseville, Rocklin, Elk Grove, West Sac, etc - offer tons of opportunity for long term growth and appreciation. 

The real estate aspect is only one component - fundamental to the value of the hotel is the operating business. 

.- How we are positioning our company for future opportunities.Don't let the headlines fool you on the fundamentals of your own market.

Instead of trying to perfectly time the market (impossible), stick to these simple fundamentals:1.

In that scenario, if that happens, the prices will go up so they want to buy now and ride the wave.Like you I'm not buying, but this is fundamentally why the "Greater fool theory" exists. 

The 1 and ONLY exclusion to this fundamental fact of reality is in very specific, very SHORT-term and very rare instances which are for example last year where for some month's taking a break in bond's was, via the "witches brew" of factor's, the better play.

@Joseph Smith you should get familiar with market fundamentals that drive long term growth if that’s your goal.

That is essentially the fundamental definition of Debt Service Coverage Ratio.

V.G Jason this is a really tough one to bring up, as fundamental and very important it is, it seems it's a level of complexity in comprehension that the vast majority just automatically deny and argue against it.