:@Omar Khan, @Gregory Hiban, @Michinori KanekoAt first I was going to post the rest of the story for that article on SPO @Mike M. posted, rant about how a hedge fund closing confirms nothing about the relative validity of equities vs RE, and point out the decision to close SPO was based more on on their style of investing     (very pure Ben Graham value) being challenging in times of optimistic valuation and less about their outlook on equities in an overall sense. 

In '17 I left a boring 9 to 5 career in finance behind to pursue an exciting full time RE investment life style and haven't looked back.

Personally I was thinking about this and how you increase college style housing for young working people so they figure out early on what thier job will buy them.

Of course whether the property is neat and orderly, has a floor plan that is functional and a style that is easily compared to other properties in the neighborhood matters as well. 

@Michael Biggs I love your style.

A lot will depend on your personality style.

Legacy-style holdings are for your own capital. 

But in older areas with a lot of different styles it might not be so easy, so the agent would need to make adjustments.With the RPR analysis in hand, you can make your ARV assumptions based on the work needed.

SDIRAs for real estate are not for the "fly by the seat of pants" style person.

Then they sit with all these houses that are slowly but surely losing that new home/latest style appeal and try with the incentives again.I doubt anything will change this time around.