This would be purely an appreciation bet that would eventually run at a break-even with normal rises in rental rates over time.

Since that time, it has been rented out and we have recently decided on selling it to a commercial builder who is buying properties in order to build a high rise.  

For those who don't know, Raleigh is expected to receive significant growth as tech companies are making their way there, bringing good jobs and rising RE values with them  Dawn is in a great position to help make people money over the next 5 years.Thanks for sharing Dawn, look forward to getting to know you better and the kinds of deals you're seeing out there.

Doesn't matter if the franchisee signed a 20 year lease if they go out in year 3 or 4 you tend to have nothing but an empty store and a mortgage payment.Franchisees have to be underwritten much more carefully than a corporate guarantee.Although with rental increases the BLENDED cap rate return should go up over time the cap rate value of the property will decrease and have to rise up.

Right now one of my top interests is in the rise of short-term rental funds and opportunities to raise money from passive investors.Cheers!

There was a sense that the younger generation is fearing a housing bubble as real estate prices keep rising so fast

.*** Short-Sales & Foreclosures are on the rise and we'll likely see them rise over the next year or two.

I should buy what's rising, not what's falling, right?

Although the cash flow is only mildly positive in the first couple of years, the property value appreciation is large and the positive cash flow gets better year after year as the rents steadily rise.

Long term tenants have been paying under market for a long time and they well know it.The short term tenant is closer to market so the rise is not too bad.