You cant have your cake and eat it too.

I'd rather own a few sfh in high appreciation market than a bunch in low or no appreciation market, like I said the name of the game is appreciation for sfh, cash flow is really icing on the cake.

CASH FLOW -- icing on the cake as #1 is occurring. 3.  

@Isiah Ferguson appreciation, for me, is the icing on the cake. 

Depending on how nice those top 3 flips were (from $174,153 and up), you could argue that yours might reach there in the end (you probably don't want to plan for that, but might be icing on the cake at that point). 

I am noticing in most of the cities in San francisco bay area that the new townhomes (I am taking about high 800's to low 1 million dollars) are costing more or almost the same as old single family homes in the same area/city. plus the new townhomes are selling like hot cakes.

I think any deal needs to have room for management and if not needed, then icing on the cake

That'd just be icing on the cake.  

I live in Anaheim, work in accounting/finance, and own two four plexes in Las Vegas, generating cashflows of 600 and 800 net per month.Terrence

I did read the article you linked and also the rental listing in Anaheim.