Here are pockets I focus on for cash flow:West side - West boulevard, Cudell, Clark-Fulton, Jefferson, Bellaire-Puritas, Old BrooklynEast side - Fairfax, Buckeye-Shaker (the north side), Waterloo Arts District, Garfield Heights, Maple Heights, Newburgh Heights, Lee-Miles (the north side), BedfordHere are the areas that I focus on for appreciation:West side - Lakewood, Edgewater, Old Brooklyn, Ohio City, Tremont (above 490)East side - Buckeye-Shaker (the north side), Waterloo Arts District, Fairfax*I have a graded neighborhood map of these areas as well if you would like to check it out. 

Hey Geoffrey, I do exactly what you're describing but my market of choice is just north of Toledo...

As I mentioned before options and Margin calls don’t count since about 99% of BP would never use, nor the general Stock market investor.  

I live 2 hours north of you, tell me why I should team up with you? 

North East Memphis

I just watched a Youtube video of a lady who bought a House on the East side of Florida and when she received the updated Property Tax bill that tripled, she put the house up for sale and is moving back to North Carolina.

That also does not account for any other expenses, such as vacancy, make ready, PM, lease up fees, and reserves for maintenance.My suggestion would be to look for homes that are further north or east where you can likely get a better price and higher rent....Anna, Sherman, Celine, Van Alystene, Aubrey, Cross Roads, Little Elm, Denton, Forney, Princeton....Lavon.

First our cabin up north, then Florida, then Duluth,MN (cool city), then ....and we kept going.

North Carolina, as an example, is Non-Judicial--but has the fun quirk of ten day upset bid periods during foreclosure.

AnaI am a local investor and would recommend the following cities given your criteria: Gilbert, Chandler, Tempe, Peoria, North Phoenix in that order.