A great way to have your cake and eat it too.

Market changes and it becomes a total seller's market.Neighbor houses are selling like hot cakes for $20k-$45k more than what you bought it for.If you sell that house and make a $20k+ profit on it, do you have to pay taxes on that chunk of change, or can you keep all profits?

Let it be icing on the cake.

It is a piece of cake.

Buy for cashflow the appreciation is just icing on the cake.

If they appreciate, well that will be the "icing on the cake", an added plus.

Yes, over 2yrs, because these fruit-cakes keep coming on here saying the market is just about to crash from any little anything they feel month to month.

This means that you can have the cake and eat it too.

The tax savings are just icing on the cake, not the cake. 

I'm looking to build wealth for the long term. being 22 I my big why is early retirement and being able to travel. my focus is definitely cash flow and any appreciation is icing on the cake. my first instinct Is Columbia md because it does have plenty of jobs with high population (and growing slightly, I think around +1% growth). the cool thing is the owner/renter ratio is 60/30 30% of the housing market being renters. it has great 5 out of 5 star schools and a vacancy rate of 3.9%. now those are pros in my eyes. some cons are the houses are old the average being built in 1979. they are also a little on the expensive side. a good deal to even consider would be 200k. also high hoa fees.Now is this an opportunity market, do the pros out weight the cons?