Helping me to reflect on my real estate journey and strategize for next stage.Thanks to others who contributed to this discussion.My approach would be..Just like any other investments, we need to reposition ourselves every few years .. so do 1031 with properties appreciated for couple of small SFH with positive cash flow ( either keeping the same leverage or deleveraging if possible).That way, goal is getting right mix of appreciating properties and income producing properties - thus stabilizing the portfolio .

If no useful seeds are put into it, then an abundance of useless weed seeds will fall therein, and will continue to produce their kind.”James Allen, As a Man ThinkethThe human brain is much more powerful than many realize.

Most PM companies have thin margins, meaning they don't produce a lot of profit.

Over the years we've produced split tests that have shown that larger CTAs tend to convert better than smaller ones, Jerryll has stepped into this and really expanded the size of CTAs even more. 

ACtive management locally is always better produce outcomes compare to "semi passive outsource" to OOS.

You may find a 3/2 of equal quality and same neighborhood one producing $100k a year in income the other doing $55k and then you know about how much having a pool will affect income.

I hope to accumulate as much debt as possible against income-producing assets. 

Slot machines (and casinos in general) are insanely lucrative.

Maybe you just think it's your way or the highway and don't get that someone could be successful with another approach.The fact on relying on appreciation in California is that we can't control the fundamentals of the economy that produce that appreciation.

@Raj G.If it’s owned by a LLC you could do a mezzanine style loan which is a loan to LLC not specific asset but if they do not produce then you can step in and take over.