Appreciation in most Sec8 neighborhoods is very low so it’s a cash flow play.- I would highly suggest you plan on using a property management company.

You have to value your time, leverage your skills, and execute a long or short term play. 

Happy to chat.Los Angeles is an appreciation play.

You just have to do a LOT of homework and play by the rules.

That is our Bible or road plans for repositioning value plays in good hard working blue Collar areas of Ohio.  

Seen that play a few times.. this whole sub to being taught to under capitalized or starter investors who don't know what they don't know and learn this on line is just so very dangerous.

So if I am looking at an asset as a 10 year play - I look more at the location, schools and how has this market performed in the past excluding covid and 2008 which were extenuating circumstances.Reality is right now shorter term plays do not work based on numbers and cost of financing - we went through this same thing in 2001-2004ish timeframe where properties would appreciate 2-3% per year and after buying costs and closing costs - you were not making money on assets unless you performed the labor or found a really good deal.this is how real estate "typically" is - which is why everyone always says location location location - because after a decent holding period, you will win.

Plus, having a fully paid-off property could be a nice safety net if the STR market takes a hit or occupancy slows down.On the flip side, if you’re eager to grow, saving for another property could be the better play.

It's hard to harvest equity on these plays, unless you commit, long-term, towards very light leverage, as the only practical ways to benefit from the equity in your portfolio, if you plan to never sell it, only exchange it, for a lifetime, are to spend the cash flow, or cash out refi.

I give it ten or so years before we start seeing this play out.