It is very much case-by-case and requires understanding of the current regime for personal itemized deductions, as well as gambling on the proposed changes to this regime by the current administration.

Quote from @V.G Jason: Quote from @Jay Hinrichs: The mindset of cash flow is everything and appreciation is just luck or gambling or whatever these folks say is one of the worst mindsets I see on BP.

Simple appreciation is a gamble because you have no control over it, so don't consider it.

I'm ok with gambling on it.

But not necessarily purchased below market value”market value”.Look, some of the “best” (most profitable) property I bought were purchased at market price - value, because the market didn’t recognize the value I was able to see, or didn’t have the information I had.  

Recognize any cash you add to down payment is increasing your cash flow by the rate of the loan.  

Huge THANK YOU to BiggerPockets for recognizing my recent article.

If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.

Depending on the zip code I was wondering could I gamble with them on a fix and flip or brrr.

A big question is do you have the $25,000 to gamble?