It will allow you to succeed in any market cycle.

It’s just getting too expensive up there for my taste since it’s on a 15 year cycle and we are getting close to it again.

@Megan Kline given where I believe we are in the cycle, I shoot for a minimum of $250-$300 per door, for properties I manage myself.

I think you need to review the life cycle of the buying and selling process.

But we are pet friendly anyway so.... fine.The tenant let us know at 3am she was running the cleaning cycle on our oven.When she left she had taken all the shelving out of the freezer (??).

Potentially do this on a repeated cycle.

If you compare Jacksonville with Cleveland, for example, you'll see a small difference in cash flow earned but a large difference in home price appreciation over a full market cycle.  

If we were in a different place in the market cycle, I might choose to sell.

Market Volatility: Real estate markets can be unpredictable, and they often go through cycles of booms and busts.

Ideally I would like to partner with someone on my first deal where I can supply the capital and learn how to be an operator in this space through hands on work through the life cycle of the deal.