It's more about understanding where your market stands within the growth cycle.

Hello, here is my opinion on the matter.Real estate requires significant capital investment, involves long sales cycles and is subject to market fluctuations.

I wouldn’t pay too much in this market cycle.

The scenario you've described going from 10 caps to 5 caps is what we've seen over this market cycle.

I have seen investors come and go here in fairly frequent cycles, lots of turnover.

After reading "Rich Dad Poor Dad" in order to break the "poor" cycle for my kids, Audible suggested "The Book on Rental Property Investing" which made me realize that it wasn't too late to break the "poor" cycle for myself.

And in my situation further north, we have freeze-thaw cycles that compound these water erosion issues.

We bottomed in January are up from there.Inflation has / is receding in a meaningful way, without a stark increase in unemployment, as historically observed during this point in the cycle.

If you are a conservative investor, there are a couple of sponsors that I have invested in that have full estate cycle experience or more with little or no money lost.

I was glad to see that you mentioned the experience in a full cycle as well as how they have handled challenging deals.