Besides, appreciation is gambling, and it is also long term, so it doesn't effect your current financial analysis.  

Anything else is on the same level with gambling.

The developers are thrilled at the cost effectiveness and pre-rented nearly all of the units.

The numbers worked out on some of them just okay, but I wasn't thrilled with anything.

I saw earlier posts about the new law, SB 978, investor suitability requirements for trust deed investments.California now requires that when selling or brokering all of, or an interest in trust deed investments, hard money lenders and other providers have to:1) obtain information about the investor, some of which was not necessarily required under previous law, including, but not limited to* net worth* other investments* education or investment experience / level of sophistication* career history* age* income* tolerance for riskThere is a new form from the California Department of Real Estate that can be used to gather some of the information.The form, although it asks questions some of my investors are not exactly thrilled to answer, is not all that bad.2) The big part is that we now have to "consider the investor's circumstance and whether or not the investment is suitable for them."

She is a valid REI and is thrilled at her cash flow (no mortgage payment) on the one property.

I was thrilled to do so.

This blog post aims to highlight the importance of planning your exit strategy in real estate investment.The Thrill of the InvestmentThe journey into real estate investing often begins with excitement.

I will be thrilled to meet you.

That's called gambling, not investing.