Welcome to East Oakland.Do what it takes to keep it from catching fire or flooding or ordinance violations, but otherwise just update the units as tenants cycle out.FYI this isn't unusual for Sec 8 in Oakland, for rents to be sky high that is.

Putting $500k in a bank account starts the losing cycle from the moment it's deposited and its purchasing power is guaranteed to decrease the longer you hold onto it..Really really commend you for your efforts thus far brother.

This is an interesting theory that is completely unsupported by any data, currently unemployment is at an all time high (may change soon) and real wages are up since pre Covid (granted an extremely small amount and cpi doesn’t track home prices only rent which I have mixed feeling about) But we are actually going through an extremely normal economic cycle, government overspends=inflation=Fed hiking=Recession or slowdown.

Actual rents were lower then projected.I grew up in Whitehall so it coming around in the cycle totally makes sense to me. 

As a conservative investor, at this stage of the cycle I'm only interested in the most experienced sponsors (i.e. who have gone through a full real estate cycle) and with either little or no money lost.

I love to hike, road cycle, and snowboard. 

Use the cash out to repeat the cycle although I would think about using leverage to begin with so you don’t have all cash in next time.

units of mine and it was still hard until I cycled though the right ops person after 4 tries. 

To break the cycle requires financial education, which could be classes, books or mentors.

Now, as this cycle ages more and more people are deciding to ring the bell and take some chips off the table.