Its appreciation can range from 7 to 17%.  

Inflation is already back down around 3% while the majority of the rest of the western world is still struggling in the 6-8% range. 

Then what's the ideal approx range you recommend?

We definitely learned where we do and do not want to invest and the price range matters.

You would need to have a cost segragation study done to "unlock" the depreciation available on the property (usually 15-30% of the purchase price is a good range to expect).

I would most definitely caution you against the 35-40k range properties that you can pick up on the MLS.

I live in a fairly expensive community , sought after , houses are late 1960's .Price range non waterfront $650K to $750K in good shape .

I've heard some conflicting info here ranging from passive only to capital gains only to active income

@Sean HaranIf you are looking to invest out of state in a BRRRR the Cleveland market is a good market to check out that would fit in that price range. 

Home in this price range usually already in good condition/good neighborhood/good everything so why pay 3% to buyer agent right lol and everyone can look at condition from disclosure anyway ...so ; it just gives more competition between different brokerages.