So a used Chevrolet Avalanche is in our future.

You won't need definions of cash flow, P&L, IRR etc........you'll add, multiply numbers in your head and know pretty accurate if it's too much risk for you to take.If you're afraid of a dog, it's irrational.

3x gross rent multiplier in CA is either a steal or a disaster.20 years ago, when I was in Palm Springs fairly regularly, Desert Hot Springs was where retirees lived cheaply.

This is the other side of things that I don't think you are fully considering ... trying to dance into and out of properties and markets via 1031 to try to time the market cycles is an equally ill-advised strategy, as moving to new markets where you have little experience and boots on the ground is just as likely to net you a loss as it is to multiply your assets to 1031 back into the cyclical market after it crashes (but not as low as last trough).

Earn it, keep it, multiply it.

Everybody multiply your answer by 10!

This deal, for once, puts his own dollars back in his own pocket and multiplies them.  

You dont just multiply odds of different events :)

My profit in 10 years will be 12 X $450 = $6,300 / year x 10 years = $63,000The big money is made with the Gross Multiplier and the GRM for my buildings is no less than 15.The day I raise the rents the appreciation for my building is 15 x $6,300 = $94,500 + $63,000 in 10 years = $157,500 and those numbers are for only 1 unit.So much for rent contol!!!

Now multiply that $100 a few thousand times.