Most of what I write from here applies to this type of property because that's what is customarily purchased by new investors who prioritize cash flow and should not be construed as general principles of real estate. 

Alongside my studies, I’ve had the privilege of competing as a Division 1 hockey player, which has taught me the value of discipline and strategy—qualities I’m excited to bring into my real estate journey.I’m looking to purchase my first investment property in the U.S. with a budget of $250,000 to $350,000 in cash.

If you were in my shoes, what would you prioritize at this stage of the journey?

He said several NBA players were investing.

Then there's misaligned incentives players in the construction industry may make more money the longer a project takes to get completed. 

Liquidity: If this is your first or second property, prioritizing liquidity (by cashing out now) might allow you to seize unexpected opportunities, especially if you’re actively prospecting deals.Since you don’t have a deal lined up yet, you might explore options to minimize the gap, like prequalifying potential deals or using short-term financing strategies to bridge the 4 months.Good luck growing your portfolio!

I now currently work for a PM in Milwaukee that has the same focus as you, to provide quality property management and we have prioritized quality over quantity as we have grown our business.

Should I be prioritizing equity/appreciation?

Here are a few things to keep in mind:Eviction Process: Courts often prioritize tenant rights, and during certain times of year (like the winter months), it’s tougher to get an eviction through.Legal Barriers: If the property is rent-stabilized or the tenants have protections, it could mean additional layers of complexity. 

Interesting - I have been investing in Philly for 8 years, run a  group of 2500 small landlords, speak at lots of events, know and network with many of the players  . . . but never heard of him before.