While I do see the upside in the appreciation, I've always heard on the BP podcasts that "appreciation is just icing on the cake".

If you hit you’re desired cap rate or ROI at 80% occupancy, anything a voice that is just icing on the cake.

They meet once a month on a Tuesday at JT Schmidt's in Anaheim, near the stadium. 

You can not have your cake and eat it too.

That being said, I've been searching for something that would deliver a similar cash on cash return (not concerned with appreciation as that would just be icing on the cake) located in Suffolk/Nassau.

But this guy takes the cake.

Im from Boston so Going to the City assessors office at the city hall building  i thought was going to be a piece of cake.

He said " he would rather pay $2000 a month than sign a lease with such a crazy price hike "So I have a few options , give 60 days notice , move into the bigger house , now have my larger house, extra bathroom and garage for my hot rod and only increase my portion of mortgage $350 as I believe renting the 1/1 at $1300+ will be cake .Or supply 60 days notice and get new tenant at anywhere from 1850 -2150 a month and stay another year in our small 1/1 . 

I only want to look at appreciation as the "icing" on the cake (unless we're talking forced appreciation).

I recently read that appreciation should be seen as the icing on the cake, not as the reason to invest.