All accounts in owners name, you forward items such as various billings, they pay for everything, and each billing cycle your sending them an invoice for your billables.

For me, I like positive cash each month and if I were to look for an appreciation play I would certainly look to do it at the bottom of a cycle, not towards the top. 

Is there some miraculous cure to aging that, at the same time it turns back the clock biologically for you and alters the figures in the Social Security Administration's computers remotely, is also unable to manage in passing the trifling challenge of fixing what ails you?

I don’t mean it must happen again this cycle, but I would not rule out this possibility.

Personally, I do more notes than ownership of properties at this stage in the cycle but again that is partially preference.Also, if you are accredited you can do more passive investments of larger debt or equity deals. 

Milwaukee in particular had some pretty hellasish mortgage fraud going on in these areas.. so you would have think the lenders would not go back to the same old stuff that cost them billions.. giving 100% loans... just too easy for borrowers to just up and walk away and then what do you have.. your 90k apprasial and 70k loan property is trashed.. and its sells for 20k to a wholesaler rehabber and cycle repeats.. bank takes a big hit.. you have no cash into the deal and you laugh all the way to starbucks..

I'd get frustrated with how expensive RE is...but then remembered, if I could get deals now, it'll be much easier (and I'll be a better dealfinder and negotiator) once the cycle came back around. 

With that said, do you have any ideas where we are currently in this housing cycle?

Honestly I don’t have a problem with inflation and think it’s necessary in economic cycles.

At this point in the market cycle, I think it’s wiser to look at historical appreciation, and which markets are historically the most resilient in a downturn.