The Midwest for example offers a great opportunity for investors due to its affordable housing market and strong rental demand.

They inherited the property from his father, ran the home for many years, are facing some health issues and are retired.

Buy the best quality you can afford (you will regret buying in a rough area).

Also, focus on markets with strong job growth, affordability and economic development.

If you can afford to ride it out, it’s always worth it.

We're most likely looking at multi-family (initially) in lower cost of living regions simply to make it affordable for us to get into the game. 

There is no appreciation beyond that like you have in real estate, but it is the easy answer to your question at the moment… and inversely related to real estate, so as interest rates go down on savings, real estate affordability will go up by the same measure (more or less). 

Overall it is still affordable and makes sense.

If you're looking for cash flow, I personally suggest checking Columbus because you can definitely find cash flowing deals here that meet the 1% rule and at affordable prices starting at $120k to $180k.

Long term appreciation on one of the last affordable beach towns in NJ How did you find this deal and how did you negotiate it?