I made the case here: https://www.biggerpockets.com/blog/this-housing-market-isnt-... and nothing has really changed other than a fear that the massive deficits the government is running are acting like a stimulus that's keeping the economy afloat but only for the time being. 

Understanding the benefits of Real Estate and more importantly, understanding the deficits that can come with it.

You're already $20k in the deficit. 

That way your $5k/net monthly deficit can be reduced.

., so you got to put yourself in situations where you're a rookie often and you realize you're working at a deficit.

just put empty calories / more crap through your body holes, and literally into the toilet.

But the majority of these have ran significant deficits, especially during Covid.

@Michael MorenoAccording to your fact set you are running a deficit right now burning cash/depleting your reserves even before making the additional principal payment.  

And I'm now closing on another duplex directly across the street.You have to find markets with higher price:rent ratios if you want to BRRRR and still have positive cash flow after a refinance.That said, I'd be happy running a net cash flow deficit if I was able to BRRRR more capital out than I put in.

You may pay more for this sleep aid.As is now clear from Prop 19 and the massive forecast budget deficits at state and local levels, Prop 13 remains a huge target for state and local electeds. 1031 exchanges seem to be impaired by Prop 19.