I'm currently working with several other investors who are looking for the exact same thing you are... cash flow.My advice would be to look for properties that can make the numbers work first, and then decide whether or not the area the property is located in is one you want to invest in.If you focus on neighborhood first, you'll have blinders on and probably end up disappointed when any property that comes on the market in that area is so expensive it takes all the cash-flow right out of the deal.What you'll want is a local real estate agent who not only understands your investing goals and property requirements, but can also properly analyze the area and inform you about each individual neighborhood.

We were both very disappointed and ended up re-signing our apartment lease for another year.  

I'd start by looking up your property on zillow and see what they predict the value to appreciate over the next year or two and start to project out those growth rates (being conservative is always better than being over ambitious and being disappointed later).

A recent reassessment resulted in our house being appraised at $84k, which was disappointing, since the outstanding balance on our mortgage is $100k.  

the right has done a tremendous marketing job and their anti-left campaign was tremendously successful during the mid-term elections.But, if you think that *all* Americans are that stupid, I'm sorry to disappoint...The TSA is the issue of the day that the right is touting to harm the image of the left.

But I was a little disappointed that there isn't some sort of junior level membership available, where I could get a little more experience, then upgrade if it goes well.  

At first thinking that this one light spray something to put out fire and flyby, but to my disappointment it went into the second tower.

And honestly it's been a roller coaster of excitement and disappointment.

If you walk away from the transaction disappointed, you're not likely to recommend them.

I have not been disappointed once.Henry