Market participants attributed the gains to technical positioning and broader risk sentiment, as equities hovered near all-time highs and mortgage-backed securities (MBS) traded in line with Treasuries.

This can further increase the return, sometimes to the extent of achieving infinite return.I do agree with your sentiment that initial cash flow has a poor correlation to long term return but will add it has a poor correlation to long term cash flow.

I agree with your sentiment but am unaware of any market that has long term appreciation as high as 7%.  

@Stasiu Geleszinski love this idea and sentiment. 

And it's equally surprising how seller sentiment can change on a dime if the dom is starting to creep up on them.

Know there will be times that market sentiment aligns with your thesis and times when things will get really slow and lean. 

@Marc Winter surveys are a great way to measure sentiment and nothing more.

I'd live in it a few months until I could get a HELOC of $100-$150k, use that for a down payment on an FHA multifamily to househack, rent out his house, put a down payment on an STR that I really want, finish my commercial pilots license, and hopefully have enough cash reserves to where I don't have to work so much overtime and I can focus on doing fix and flips and using my RE license to help buyers/sellers.I'm not sure what is the best route to set me up for REI success here; but for sentimental reasons and to give the bird to everyone who said I'd never be able to come up with enough money fast enough for probate I'd like to keep the house.

It would eventually get "recaptured" if you sold, but you get the benefit in the present with the downside being at a future date.Overall, I agree with the sentiment of this thread and would say that depreciation really should have been taken on your 2024 return, and if it were me my next step would be to file the Form 3115 in 2025 and pick up the "lost" depreciation from 2024 so at 12/31/2025, you're back to where you should have been.Feel free to shoot me a direct message if there's anything I can help clarify, happy to help.- Matt

Man who makes up bizarre theory that people are looking for "handouts" in a thread about real estate sentiment says I'm on a high horse.