the negative cash flow waiting for top rent .. will take you half a decade to recoup even if you get the top rent.. it becomes a double whammy.. not only will you end up having to lower your rent realistically  but you just paid 3 months of negative cash flow.. full on negative.. and now you rented fore break even so you wont recoup until rents get above break even and at that it will be a tiny amount.. so you can run the math.Unless your confident that there is going to be serious appreciation like CA..

And remember @Llewelyn A. historical priority of RE returns and he formally taught this investment stuff for a decade or so as I recall.

These people have absolutely no financial literacy and will obviously never be able to live in anything other than D-class rental housing because they will fail every criminal check ever done on them for the thing they did before finding sobriety.The large, gentle, utterly lonely borderline mentally-retarded man convicted at 18 of inappropriately touching a teenage girl, sent away to prison for a decade.

Great Response Anish, I feel SF, Bay Area will continue to see various technology waves over the next many decades, the most recent being Apple, Facebook, NVidia, Google, Dropbox, Pinterest, Uber etcNext will be Artificial Intelligence, Robotics, Self driving cars and things we can't even imagine and predict at the moment!

I have never seen this in my life time. like I said I have seen a few decades myself.

This isn't 2008, or right after 9/11, or any other time in the last 5 or 6 decades.

We tolerate trillions going to banks, billionaires and corporations over decades.

My uncle told me that almost every pre war building he has painted in the area had asbestos wrapped pipes and decades old boilers just as one example of a large capital expenditure.

It is because minimum wage hasn't gone up in Mississippi for a decade, that I only raise rents when tenants move out.

There are always stories about people who were burned buying before the financial crisis a decade ago.