I've found markets that have a good-to-great appreciation runway that also cash flow.

Quote from @Rodney Menendez: @Peter Dukaj yes we are still finding lots for around $19k in Lehigh Acres with no issues for construction  still a soft market and utilities are going to run way more than public sewer and water taps. it all ends up being the same. 40-50k for a lot no matter how you skin the cat. plus all the site work required for those lots is more than double what a traditional infill lot requires in miami or columbus for example 

Cash is going to give you a larger runway for actually making it work and getting your money out when financing later.

It just takes a little bit of runway. 

Don't go more than 12m lease, and even consider a 6m to test the waters, though they will push back because it doesn't given them enough runway to buy the furniture and get runway.If your PM is going to be managing them, make sure that they are just VERY diligent on collecting timely rent and get agreement to do quarterly (or so) walkthroughs/inspections to make sure the home truly is being maintained.

Just needs a little runway.

so he is really fubared either way on that score. undisclosed principal in a real estate transaction is a no no as well.Joe,, Indy is like any other big mid western rust belt city.. it has its great areas with 500 to multi million dollar homes its regentrifying areas were two chicks and a hammer work.. and we do as well.. then you have solid B class vinyl village 10 year to 20 year old stocksame thing applies here U buy D class hood properties your in trouble unless your a local hands on landlord.Morris advertises and markets D class as solid easy to manage just grateful for a place to live type properties.. he is just a bozo who has no real clue as to what he is talking about in the real estate space.. that's the bottom line.. and to think all these people think he is a genius investor LOLas I like to do I can compare this to aviation u tubes.. there is this pilot in CA.. that was doing  U tubes flying from Auburn CA ( above Sacramento) to Oakland a lot.. he likes to video his instrument approach's etc.. problem is he bust just about all the minimums and one time he landed in Oakland with virtually zero zero and was bragging about it.. on an ILS unless your cat 111 approach if you do not have the runway in sight at 200 feet AGL  which no way he did you could see it on his utube  your to do a go around.. yet he just landed with about 20 feet of vis. problem is you have others who are not pilots or beginners just thinking he is the ace of the base.. 

We also have had a longer runway to build out a product that is robust for a smooth experience while having a large enough support team around you to ensure you are quickly helped. 

If so, then househacking in NYC makes sense because that gives enough runway for the strong appreciation in this market to yield you the returns that would justify investing here. 

The real estate markets are cyclical (SFR) was a great buy opportunity as it had ample runway for growth still at the time, both from valuation and rental prospect.