Looking at how the Bay Area, central coast and Los Angeles areas have boomed over the past 20-30 years, I think Sacramento is at a discount right now compared to it's future potential.  

I read an article of how Sacramento was becoming the next real estate boom with the new Golden 1 Sacramento King arena and how folks are moving to the area because of lower rents/housing prices.

After this is all over, we'll lower the boom on her to get her back to paying by the 10th of the month. 

When that happens, there's a boom in prices and rental properties are converted to owner occupant so the number of rentals drops.I believe I read where some of the long time landlords struggled to find renters during the boom period and that would make sense.

During the housing boom there were a bunch of properties built in high risk areas, but for dubious reasons, were categorized as lower risk not requiring insurance.

I also know PMs who are just after the quick cash, do a terrible job, and are more-or-less just rent collectors. 

The market here in Wichita is booming, but unfortunately we're starting to run low on inventory.

(Interested to hear thoughts on other asset classes as well if you think MF is bust) I am from Kansas City, KS and while prices did go up and down during the boom and bust times, it wasn't nearly as pronounced as in some places.

Many are the type that don't appear dangerous: recycling collectors and the like. 

I bought a primary in 2013 for 175k before the boom in Northern Colorado, which is now a rental.