Although the suburbs may see a small but steady amount of positive equity growth, there is nothing hot and exciting happening in the suburbs to yield any high returns.

This also allows the existing coin slots to be used so if the card reader or wireless has a problem you can still run. 

In many locations, including some of the other hot-housing market cities, appreciation has made homes unaffordable to those who don’t own a house they can sell for the funds needed to make a move.

I'm located in the good old hot deserts of Phoenix, AZ.

Some apartments might be burning hot and others cold as ice.  

You can snow ski at Mt Humphreys near Flagstaff one day, and tube the salt river near Phoenix the next - Either very hot, or very cold - not a lot of in between unless you want to live more rural.  

More than four months rent were lost between missed rent payments and legal fees to evict the tenant.The next tenant was much better, but had frequent complaints regarding legitimate problems: -bathroom sink hot water knob that didn't work-rat urine smell coming from the vents-water leakage from the toilet(I understand that problems occur, particularly with properties of this age, but it was surprising/disappointing considering I paid Ohio Cashflow $64.9k for a property they bought for almost half the price, then, even after having done improvements, still required frequent repairs.)3.

Two years ago when the entire market was red hot most listings in my area required a pre approval or proof of funds with the offer if I remember correctly. 

Your location is HOT. 

SNP 500 is super consistent and does well over time, but unless you are a lunatic who's using options ( playing with HOT fire ), you really can't leverage.