1 On one hand, they claim cash flow yield is the holy grail and refuse to buy properties without a certain % of cash flow (say 1% rule)
2. On the other hand, they refuse to recognize that cash flow yield becomes halfed when house price doubles, and insist on calculating CF based on the price they paid.
3. Nobody cares how much you paid. Always look forward. How much you paid only have a psychological impact on yourself, no one else.
just my 2c.