Today, we are experiencing considerably more financing requirements than the past, and lenders are learning to actually use metrics to gage a person's ability to service debt and the underlying collateral, rather than simply originate, recycling the loan, then walk away. 100% financing to individuals w/ 600 FICOs is laughable these days, but was a reality in the past.

Forced appreciation is a MUST to recycle the capital to keep on growing one's portfolio. 

And especially in SF, with rent control and urban density, you literally get extreme and absurd situations like a multi million dollar condo literally RIGHT NEXT DOOR to a rent controlled flat where the immigrant inhabitants (6 in a small 2BR) collect recyclables in their back yard.  

For failure to recycle, for putting trash out too early, for not using proper trash containers, etc.

I'm also currently paying for utilities (electric/gas), water, and trash/recycling.

You can quickly recycle the same initial capital over and over until you run out of loans :).

No load music past 8 pmRight of first refusal on personally owned homes.No speeding Limited cars Must park in designated parking spotsNo blocking drivewaysPersonal grass must be cutGarbage and recycling cans in designated areas Basically all the same as a sfr, except for the right of first refusal.

This allows these lenders to essentially "recycle" the cash and make money from originating loans in volume.

Then, once you've got a home established, you could easily recycle your benefit and get another 3-5 bedroom home and do it again. 

I was thinking that the next deal I want to do is a BRRRR so that I can recoup my funds and recycle the money into another deal faster.