You would actually have to determine what is your goal of investing, your investment horizons and liquidity needs.

Once the baloon comes due then move on to the next investment after a 5-7 yr period and take the CF over the short time horizon and 1031 the appreciation.  

Again though, I would not hold a property in a town that has no jobs and is declining unless you see something on the horizon.

The investor needs to vet the sponsor for track record, property selection, entity structure and operating agreement terms, planned exits and time horizons, etc. to get comfortable to make a decision to move forward or not. 

If look at overall returns those, cash flow + appreciation hands down beats just cash-flow (think midwest) when you're talking long horizons 20+ years.

I'm also pumped about the Water Front effort that is on the horizon! 

So I can handle those ebbs and flows along the way because of my time horizon. 

People have different goals, risk tolerances, time horizons, initial conditions, job situations, family obligations, etc.

Hello BiggerPockets Community, BiggerPockets newbie from Atlanta(specifically Lilburn/Duluth area) ready to broaden my horizons into real estate investing.  

The best one is you bought at the right price, and now the property is worth a lot more and you have bigger properties on the horizon.