and, you've added up all the money you were negative (actually subtracted), and all the profits you lost buy sitting in a negative cash flow deal for 20 years.On top of that, if you can't answer any, or most of the questions above because you say, you can't see that clearly into the future, and you don't know", then to me you're not investing...you're speculating to begin with.

One third of that comes from hard work, two thirds comes from inheritance, interest on interest accumulating to widows and idiot sons and what I do, stock and real estate speculation.

Appreciation is speculative, kind of like the stock market.  

Many of them speculate with your $$$ and can even over leverage which could cost you on ROI potential if not a loss.

These are juse speculations based on research I've been doing and people that I have talked to because again, I don't have a bit of actual hands-on experince under my belt.

Yes, I do have a portfolio that looks more like that of a speculator.

So as long as you have a plan for rising utility costs, and have enough of a cushion in your cashflow assumptions to ride out bumps along the way, that could make low-but-positive returns today look like better-than-expected returns tomorrow.But that's all just rank speculation on my part!

If you invest in CA, you are speculating on appreciation more than cash flow.  

But I still would speculate that 7-8% is the correct number for your area.

It's assessed at 185,900 and taxes are $2811.Seasoned investors, speculators, and new investors alike I would like to hear your thoughts on the property.