Appreciation or Cash Flow???

[Caleb Rowe]

Hey everyone,

I live in Phoenix, AZ and have 2 properties there that are appreciating like crazy!! I want to get into multi family but that is difficult in the Phoenix Metro area due to the ballooning prices. My question is this:

Should I invest out of state in multi family to gain cash flow, or should I invest in SFR in Phoenix "knowing" that it will appreciate??

I want the cash flow because I want to be FI, but I also feel that in 5-10 years it will be even more difficult to get into any type of property in the Phoenix area. 

Any advice is appreciated.