We've seen a spike of over 30% in value in some areas this season.  

These spikes in deal flow are already being seen from coast to coast; from Orange County, CA to Maryland, to Florida.

I know this because I was one of them.I, like many other newbies, was extremely ambitious, frustrated at my lack of wealth and overly eager to jump into real estate head over heels.

You don't see the big spike and drops.

.), repairs, tenant trashes your house, drop in the market, spike in insurance rates, property management, and the list goes on.  

Those loans typically contain a yield maintenance requirement that would make it really costly to sell before the yield maintenance times out (unless there is a spike in interest rates).I think that any notion that liquidation of SFRs by the PE firms will result in a drop in home prices is overblown.  

So if you pass along the $700/m to your tenants, you 'save/spike' your income by $700/m.

Next time I turn, I'm going to share my numbers as well.Let me add that turnover expenses have always put me back on my heels.

There are times where other asset classes outperform RE.Look at our recent financial crisis.During the crisis, gold spikes up (herding into safety assets).During the beginning of the post-crisis (2010-2012), stock market way outperform the real estate market (at least certain parts of the country).  

You don't want to dig a credit card hole while you're learning the ropes.Go into it knowing that some months your expenses are going to spike.