I feel that I am too green to say anything meaningful whenever discussions between cash-flow vs appreciation surface up.

I think 5% is conservative if rates fall meaningfully, by the way.

We would have outstanding income, except we refinance extracting equity. 

What I have thought of so far is to go way below asking and additionally bank on raising rents 5-7% every year until the cash flow becomes meaningful.

They may even have some financial data that you can extract a market derived cap rate from.

I figured that since lots of people own RE through LLCs (often fairly modest properties), paying $1,000/LLC/year could represent a meaningful drag on returns, and therefore they'd have a better way of tackling taxes.

By actively getting out there, establishing relationships with like-minded individuals, and engaging in meaningful conversations, you are laying a strong foundation for your personal and professional growth.

Again, how exactly one should weight the variables depends on their specific business strategy.In summary, on level one we were able to narrow down the list of four thousand markets to 120 using buy and hold filters, to 59 using market characteristics, and then to 32 using the Emerging Market Score.Here are those 32 sorted alphabetically:These were the markets that survived to level two.One thing to note is that as the funnel gets narrower, the differentiation between markets by measure of high-level data points becomes less meaningful.

But they are not charities, they will somehow extract a fee. 

If you want to extract all investment, the cost including rehab must be 70% of ARV (70% rule).