He will be totally hands off and only role is to provide money.My goal is cash flow and another investment(same as my father).I have limited free cash on a tight budget but have access to a heloc loan for expenses if needed.

Are you living off cash flow alone?

Investing locally in the Bay Area will come with higher acquisition costs, but appreciation can still build wealth long term, so don't be weary if you're property doesn't cash flow right now the bat.

I know Alberta is hot at the moment but it worries me as I feel as though i would be going with the flow.

This is due to the strain on cash flow from the higher rates in investment properties.

I’ll still try to answer the question: Pros of Kansas City for buy and hold small multifamily rentals:  Hybrid market so you get some cash flow and some appreciation (con if you want only cash flow or only want appreciation) Inventory of 2, 4, and 5-50 MF buildings (not true of a lot of markets that only have SFH and very large complexes 100+ units)Relatively low property taxes, although check for the city and state you are in (e.g.

My goals include:Eliminating PMI for this property (I’m about $12k short in equity from eliminating my PMI requirement).Stabilizing the garden unit so that we start to benefit from the additional cash flow.

Most of us will go even higher...say 85%...but you have to get the property to cash flow at that level.

Michael-  Great explanation of the property classes and appreciation vs cash flow outcomes.

I currently own rentals in Charlotte and Tampa and those were purchased with potential for large appreciation in mind -- not so much cash flow.