Not saying that the crash will come immediately, but the risk to reward ratio is way too high right now, compared to even a year ago.The crash may come or not come, but simply from an investment perspective, the cap rate is so low now.

thats my thought process.RISK/REWARD is very real in the rental business.. and bottom end tenants are VERY difficult and are not changeable..

On the other hand, Austin has a higher appreciation (potentially a bubble)....so you can reap the rewards of that in a cash on cash return.  

The theory goes that if you invest ahead of the 'wave' of progress you stand to reap the rewards of appreciation and a rising tide lifting all boats effect.The question I have is how to do actually assess, systematically what the path of progress of a given area is?  

To have 10million in 20 yrs, I feel like I need to go high risk I reward.

Rewards card of your choice.

It's unhealthy, not rewarding, unsteady, and the expenses make it barely profitable) he's trying to find some magic path to high reward, low risk. 

I may stand alone in this regard, but I really enjoy the rewards of upgrading windows from old, ugly, aluminum framed single pane to nice vinyl dual pane windows.

Not that you can try to negotiate better but it would at least be an interesting exercise to become more stringent on the property profile and back-off on the cash-on-cash return and see where it gets you.Or if cash-on-cash is the paramount threshold you can seek out value-add properties (risk/reward there) or some alternative markets that aren't as hot as Seattle.  

Create another 100 TikToks and Reels videos for them for another $1000.