Obviously, no one can predict the market trends but how much longer do people think this "great REI cycle" is going to last?

You can find good investment deals every day - in every economic cycle and in every market.  

If it is really old likely there are multiple additions or changes and some might not be permitted.Everything has a useful life cycle attached to it.

It never fails that people are separated from their hard-earned investment money during every change of economic cycles and this one is no different.

If you buy at a discount or in the trough of a market cycle would you be willing to lose $500/mo in cash flow on your average $1 million Bay area property?

Rinse and repeat every several years or every real estate cycle.

I'm gonna invest most pennies, because when I leave it in the bank they use it to make money...Repeat the compounding cycle over and over(RE for me)....keeping $$$$ earning consistently.....Invest 20,000 today compound at 25- 30% annually for about 15 yrs (millionaire) ......very feasible if buying and fixing right...Unlimited!!!

I know I am completely in the minority on this one.But I for one do not think  ( appreciation is icing on the cake) I think  a prudent investor should be looking at properties that have a chance to rise in value fairly significantly over time as with mortgage pay down and appreciation that is were the bigger dollars are made.And Kyle the Reason I say this is over the course of owning these homes 10 to 20 years.. your going to need to do a full rehab gut job most likely to sell them... and that is to just sell them for what you paid for them.. now I know you will be putting money aside for capex however experience has dictated to me its never enough.. so with sale commission etc. if you have no real upward movement in your values and you do need to cash out.. you may take a loss of actual principal to then be off set by cash flow.. but it will lower your return over time.And if you buy in an area that has upward movement and can realistically be sold to a homeowner you have a very great chance of selling your home and recapturing this end of life cycle major rehab and potentially greater equity in the appreciation over time.The only way lower end properties that have static value can rise in value if rents rise appreciably over time.. and since many of these areas are hud reliant that involves our government increasing the benefits ...

There are deals to be had in every market, in every market cycle, and under every president.

This thing was tiny and we left for the day turned it on the 2hr cycle and when we returned it was the freshest air I ever inhaled in my life lol it was insane.