1% Rule vs. Potential Growth

[Ty Man]

1% Rule seem hard to achieve (at least harder to find) in "hot" growth RE markets (i.e. Austin, Seattle, etc.) but easier in some RE markets (i.e. Ohio, Missouri). Would you rather do a buy & hold (holding period of at least 10-15 years) rental investment in a "boring" low growth market but achieve 1% rule or invest in a "hot" growth RE market, aim for appreciation but only achieve a 0.65-0.70% rent/purchase ratio? Thoughts? My risk tolerance is high but I also want to be smart about it. 

Reason I ask is I am currently deciding between buying a rental in Dayton, Ohio (achieve 1% rent/ratio but zero to little appreciation) or buying a rental in Austin (0.70% rent/ratio but better growth prospect). What other factors should I consider?  Thanks! 

[Paul Amegatcher]

Dayton is more like a Honda Civic and less like a Pinto.  No matter what the cycle does it going to keep producing income. No you won't get much or any appreciation but you will get good cash flow for a long time.