Investors don't just look for appreciation, appreciation is just icing on the cake.

Remember to take depreciation -- this is sort of the icing on the cake, and even on years I don't net a dime in the house account, I save some $ on my taxes (not offering tax advice!)

Problem with a CA King and Full XL is that finding good bedding for them is a pain.

In both cases, you are paying for the privileged to speculatively hope it goes up in value.Getting positive cash flow on a property is getting paid every month to own it, and appreciation is the icing on the cake.

Guess what I found....yep, she had left their wedding cake out on the counter the whole weekend.

But then again, appreciation on the properties we have purchased there would be icing on the cake.

There were two types of customers. 1) Who would get upset when I pulled out there fan motor and it had 10yrs of caked dirt in it. 2) the customer who just knew that I did not know what I was doing.

When I started buying in 2018 it was a piece of cake for literally EVERY property to cash flow... it was a question of how much.  

I was saying that if you found a great deal on a cash flowing property, the tenants end up paying your mortgage off. any appreciation is just icing on the cake.  

I believe you are wholesaling, so the present comps and rent matters the most.IMO the development should be considered a icing on the cake.