If you’re planning on banking on appreciation, it’s crucial to buy in a location with strong demand drivers like proximity to tech hubs or transportation.On the flip side, if cash flow is a priority for you, you might want to consider looking outside the Bay Area, in markets where the rent-to-price ratio is more favorable.Exit Strategy: Always have a clear exit strategy.

He also owned a separate warehouse next door worth $600k and owed $400k.  

$$ per door, CAP rate, or something else?

I would consider looking at Door County or the Lake Country area instead.  

Door knocking, cold calling, and other activities to get something that pencils well.

Hi Jack, I'm not too familiar with the central PA area, but I do have 9 doors across Memphis and Detroit where I mostly did BRRRR type deals.

I currently own 47 rental doors and want to continue to do the cash out BRRRR strategy. 

Hahah most of the time if you ask "are you looking for someone local so that you can go knock on their door when things go wrong" it's a lighthearted way of saying in our technological age location probably isn't as important as the other aspects.

You would do better in 30-day t-bills (right now ;-)The hopes an investor might have (if you purchased a property like this) are: 1) inflation to drive rents up, 2) inflation to drive property appreciation, and 3) mortgage rates to drop to refi at a lower rate in a few years.A lot depends on what someone thinks about the longer-term prospects of neighborhood they're investing in.

Hi there,I am Ali and I am based in Chicago and own locally.  I have a 3-flat and a condo.  I am wanting to add one more property this year.  My goals with BiggerPockets is to be a part of, learn from, and leverage th...