The most observant owner/operators understood that local matters and people matter.At Auben, our core philosophy has always been based around local experts.

Therefore, it's somewhat muted to give an answer to the effect Cash Flow is Better than Appreciation.The Reality is that you should be saying that this Strategy has a better IRR than that Strategy given these Investments.The Issue I see is not whether Cash Flow is Better than Appreciation, it's what is your understanding of the Financial Calculations and Returns of an Investment.If we all understood these financial calculations, believe me, we wouldn't have these discussions.

I knew the comps of the area, and I understood the upgrades that attracted the new buyers for this area.

Understood. 

@John CampbellSo, the risks to the ARM see to be at least NOT POORLY understood. 

My suggestion is to consult your Broker before using any forms that may not be "authorized".Understood, reaching out to my broker right now.

Experience is key,understood.

I think Miami is overpriced and definitely saturated, I wouldn't invest there unless I was local and really understood the market.

Understood,thank you.

Hi,I am owning a nice house currently worth 600K (clean from any mortgage or debt) and finally understood that sitting on this kind of asset is just a monthly waste of money.As I am completely new to the real estate investment business, I am wondering whether it would be the right way to sell my current house and buy several assets for rental or keeping this and getting a loan/mortgage and buy, probably, fewer assets.I am sure there are many answers to my question but I'd really appreciate to just get some kind of idea of what the right direction would be.Thanks in advance for any replies