I worked for a bar company and we went around grabbing beat up spaces and turning them into hot nightclubs. 

Hoping" for me was never a strategy as the future is unpredictable.I hoped my $480,000 condo in Chicago would appreciate and it didn't move since 2018.My tenant a crypto exec has been paying me $3,000 in rent on the 28th of each month like clockwork for 5 years now.No capex, no issues at all and that has been a breeze.3% ROI isn't sexy enough to me tho 🤷‍♂️I'd probably be cheering right now if it moved up in value but it's been a dead deal in my eyes.But it is what it is.The numbers in a deal TODAY per se don't rely on hope and are a more predictable outcome.Granted, the numbers need to be "worked" and a more "hands on" approach is needed in such markets.Thanks Hi Engelo, you have been doing this for a long time and I know you have the skills and tenacity to manage high-cash-flow properties, but you have to admit, you are working hard for your cash flow, this is not passive at all.

A $500k property should produce gross annual income of +/- $50K but can generate as much as $65-70k with the right location and amenities like a hot tub.

It would be possible in other ways like a lot of hot client leads but anything other than that will probably be specific to what that agent needs.

Chosen right, some of those South side neighborhoods may become hot, and give you large amounts (percentage-wise) of appreciation.

I remember once I was in a nice area of ATL at a closing and the attornies office was hot I asked whats up he said his two condenser got stolen that night LOL.. its a very active sport out East of the rockies we just dont hear of this on the west coast..

Just trying to gain a sense of hot or cold. 

For example in a hot area of Houston I have a 30 unit. 20 of them are in a courtyard and 10 face the street.

One misstep and you could be in hot water. 

Tampa’s market has been hot, but if appreciation slows or reverses, you could miss the window to maximize your gains.Exploring a 1031 exchangeA 1031 exchange could allow you to sell the property, defer capital gains taxes, and reinvest into a property with stronger cash flow.