If your first home cash flows well as a rental, consider keeping it and using a BRRRR strategy, cash-out refinance, or HELOC to fund your next deal instead of selling too quickly.

I am building them especially for STRs, but they will have a cash flow as regular rentals.

We've sold 65+ homes and the biggest request we get from our Buyers is help with closing costs.Most of our deals we're providing anywhere between $5K-$10K to help Buyers offset the cash requirement to purchase a home.Even in today’s "high" interest rate environment, many Buyers prioritize closing cost assistance over an interest rate buydown.

Since you prioritize appreciation over cash flow, focus on DFW areas with strong job growth, infrastructure investment, and limited housing supply—such as Frisco, Arlington, and Rockwall.

got out of flipping to new construction in our market in columbus ohio. licensed general contractor. when interest rates got high single family existing went down by 30% new builds sold at a 6% increase that year which demonstrated the desire and premium that new construction commands. never looking back. total control, rinse and repeat. we can get permits in 28 days. we can buy land cash in 21 days. we can build in 120 days to 140 days and keep moving. super scalable and easy and no risk. we build the same 2-3 Floorplans 

I must have cash ready.

However, I feel like the revenue has been great even though we bought it “for them” it could be a great long term play by keeping it and having them live elsewhere.  

As others have alluded to, buying larger units or a house near the beach is a better play. 

I've decided that finding "deals" in Arizona is unnecessary as there are other markets that one need not search high and low to find something that can produce a decent cash-on-cash return.

I stopped buying in March 2020 as we didn't know how the pandemic would play out.