What helped build the 60% decline in home prices were the outskirt properties where the communities were more Class C or less communities.

But you could also take a look at your return and see if the Schedule C or Schedule E has been filled out.

"C" or lower, not a great deal.

You are likely leaving a lot of money on the table by selling it occupied, unless it is a C or D property.

That way even if you are wrong about your bet on appreciation, you are not coming out of pocket every month to cover negative cashflow and that property is still self-supporting. 

@Justin BoggsIf you look at city-data.com you will see some census data on that area:Median household income: ~$24k - that # goes up as you get closer to the Georgia line.Unemployment: between 16-22%Residents below the poverty line: between 21-35.5%From that data, I would classify the area as a C or even D class area and everything that goes along with that.

as @f@Frank Wong mentioned, using a HELOC for a down payment could look risky to some people I am willing to take a bet on myself, and I am extremely cautious in other areas of my life (I drive a 2003 toyota matrix that I bought outright).

cash flow cash flow cash flow. you can't predict future on appreciation, dont bet on it 

In that case, you make your bet on the property you expect to see the best appreciation.I actually think your comparison is misleading as it would drive you to invest in the property with less appreciation.

(d) A statement that includes both of the following:(i) That the department is appointed the agent of the foreign limited liability company for service ofprocess if no agent has been appointed under subdivision (c), or, if appointed, the agent's authority has been revoked, the agent has resigned, or the agent cannot be found or served through the exercise of reasonablediligence.