Invest in a negative cash flow property for appreciation?

[Yuki K.]

Hi, for the experts who are investing for appreciation, will you invest in a negative cash flow property if the appreciation is almost certain? The property I am thinking about is a ~1.3M purchase, no rehab necessary, at a monthly negative cash flow of ~$1,700, and the conservative appreciation projection is 6-7% per year.  Why or why not?  What else should I factor in other than purely numbers?  This is a SF Bay Area property, B building condition in a A neighborhood of a A town.