Yes, I know this doesn't factor in repairs and other phenomena which may occur.

Certainly the risk is calculated and I did my due diligence, but the gamble of it all comes from the forces and phenomena I have no control over"   Good Luck to all and don't be afraid to fail, those who learn from their mistakes and continue to push forward will succeed. 

For example, Moore's law or more accurately the phenomena it pertains to has been highly beneficial to the vast majority affected by it (them).

Being in San Francisco, where we have had some of the most outsized RE returns, coupled with rent control/tenant displacement and social and sharing economy tech firm's stronghold here, we are at the vanguard of this social phenomena.  

It just sucks that you are experiencing the phenomena on your first deal.

AI seems going to replace almost everything, now in SF you see two-three phenomena: an empty office building in front of  self-driving car next to homeless with feces everywhere.I think SF is really the forefront of what's going to happen in future, less humanity and more robotics replacing human for nothing , a weird place to be LOL a sad place truly

Like rules, generalizations often fail due to a phenomena called exceptions.

Many people act as if this is some new phenomena, it isn't.

Real estate is very much a local phenomena.

Just because the R/E bubble showed people that the price-to-earnings ratio were out of whack in some areas, does not mean that the phenomena is universal.