Section 8 tenants can bring stable income and stick around, but heads up, the rent might be a bit less.

These factors make it an attractive option for your investment criteria, balancing cash flow and appreciation prospects in a stable economic environment.

So you should look for areas with booming rental markets and stable rental rates.

I developed a 3 story suburban walk up product though because that is what most large development firms design and the highest profit type of construction and most stable right now.

Not super happy with it as not super stable but works--Stripe - for running cc on direct booking site and vrbo--turno - for finding cleaners and paying cleaners in big markets--Hostfully guides - been in my list for a while but we still use good ol pdf for the guide.And then publish to all channels.....

  - Purchase price $600k- ARV $750k with rents that will cashflow well once stable.- passive investor puts in 30% cash for down payment in return for 40% ownership- deal provider (Me) puts zero cash in but finds, secures and manages the deal, bank financing and 100% of the property management- bank mortgage for 70%- closing costs split 50/50- capital improvements split 50/50- all monthly positive cash flow (profit) as well as 60% property ownership goes to the deal provider (me).- first refinance (year 3-5) get investor's 30% investment out (before I take any equity) so we can do it again! 

@Alex Kosley personally I would clear the non mortgage debt before investing further in RE to put my family in the most secure and stable financial position possible.

I did what I needed to do, my health got better and now I am stable.

The more stable investor with long term vision, reasonable budgets, and solid strategy and gameplan are still buying (the right properties) and doing well. 

If one market experiences a downturn, others may remain stable or even thrive.Higher Potential Returns: Some out-of-state markets may offer higher potential returns due to factors like lower property prices, higher rental yields, or stronger appreciation rates.Access to Different Economies: Investing in diverse markets allows you to tap into different economic conditions, potentially capitalizing on areas with strong job growth, population expansion, or industry booms.Specialized Opportunities: Certain markets may specialize in specific types of real estate, such as vacation rentals, college rentals, or luxury properties.