Appreciation or Cash Flow?

[Adam Wells]

Let me know if this topic may be better off in another forum. Hi all. I have a 3 family in Boston and am looking to purchase another 3 or 4 family. I know Boston will appreciate over time. I am a buy and hold investor. I started to look at New Bedford, MA because I realized that the amount of money I need to put down in Boston, would allow me to purchase 3 multi families in NB. Basically I'm thinking that I could buy 3 multi's, and three times the cash flow, in NB for the same price as 1 in Boston. I feel like the biggest down fall is over time Boston is going to appreciate SO much more than NB. I'm typically much more interested in cash flow as my goal is to have $20k/m in passive income. Any investors out there who have done both? Thoughts? Any feedback from anyone is much appreciated.