Some of the CoC are so low (and some of the projected appreciation is also low) that I ask myself, why wouldn't I just invest in government bonds instead.

You get 3 - 5 done and refine the process and see that the project time has gone from 9 months to 6 months to 5 months and now things are working and now you think about scaling or take your blue print to a new market, but like I said in Baltimore you are behind the 8 ball to start.

The idea of giving the government over 100k inn capital gains makes me sick.

Yes, the government pays the Section 8 rent timely, but more and more tenants are having to pay a portion of their rent.

We fixed it years ago, now every buyer sees a printed, side-by-side of all packages before deciding.

The printing presses continue to spin the debt out of control. 

Three main reasons;1) Existing oversupply of multi-family2) No signs of demand increase (net migration into Philly)3) Local government continuing to squeeze property ownersI really hope I'm wrong.

Since tenant left can this citation be voided by court now.Does government shout down impact anything.is it good idea to pursue the eviction process at this stage. 

California is known for high operating costs.A business-friendly government, which makes it easier to run and grow a company, California is less pro-business than many other states.Your income reliability depends on the tenants who live in your property.

Imagine making millions of dollars over the course of your career and then having to pay 30-50% every year to uncle sam instead of compounding that cash over time.This is exactly what real estate professionals have learned to mitigate.To reduce their taxable income, they just buy a building every year, do a cost seg, and use depreciation to reduce their tax liability dramatically.Their personal wealth snowball grows much larger and much faster than their W2 counterparts who give most of their money back to the government each year.Following this strategy as a real estate professional is one of best ways to end up with a much larger net worth at the end of your career.