It's been great to be able to use the real estate experience for that vehicle, it's definitely out performing the stock market

If your investment can't outperform your debt, invest in paying down your debt.

Nobody can know where prices will be in 3 years, ...you can think of buying the townhouse as insurance against future price gains, or it can be through of as a personal bet that bay area real estate will outperform the stock market. 

Origin’s goal is to outperform the market on a risk-adjusted basis and achieve returns well above the index.

If you can outperform your debt, why not take on more?

@Darrin Carey  absolutely for the conservative investors who want it basically turn key and done for them and don't want to take time effort money and then make a boo boo end of the day your product will out perform most.. not to mention being in the money game at least from my perspective I would SO much prefer to work with those that pay their bills than those that have had a history of not.. as anyone in the space will tell you its 50 50 whether they continue to pay.. then you have to foreclose then they beat the crap out of the house.. so you really can't just do that business with a few notes you have to be a fund or be able to buy 50 to 100 of them so you can income average..

Even better yet, if you can capture the market using an audio application that can be accessed through Amazon's Alexa or Google Home, will out perform the competition; period.

debt is perfectly fine if you can A) service it B) outperform it.

Of course past history is not necessarily an indication of future returns but when the long term returns out perform going back virtually any duration going back 50 years that is a lot of historical data indicating Ca is the better investment choice.  

However a decent market with a great team will outperform a great market with no team IMO.