Buying a Townhouse. Would you buy now?

[Kar Sun]

Hi All.

I am a small time landlord and I use a bit different investment strategy than most. I typically buy quality A class properties in HOAs that are are cash flowing and located very close to where I live. They always have the amenities that are highly desirable for a buyer. In an addition to them cash flowing the location and appreciation are extremely important to me. I barely have any actual operating expenses due to condition of properties. But if I must update anything, like HVAC,  I am fine with getting a quality repairs since the appreciation is extremely high and I have lots of equity  in these properties. My properties do not look like rental units inside and out.  I do not intend on selling them anytime soon. Again, my existing properties are cash flowing. Looking to buy an A class in the Southeast in a hot market. This time I might have to have a loss of about $400 monthly when renting because the prices are pretty high and I have to compete with other buyers. I have a full time job and I do not think it is a big deal because of the appreciation I will get and the loss can actually lower my taxes because it will keep me in the existing tax bracket. I manage my own properties. What are your thoughts? Thank you.