Appreciation is having cake and eating it too.  

I don't think property here will go down because 1) in the last 30yrs, apart from a few years blips every once in a while, land values here, like all property, has continuedto increase, 2) it's still on everyone's top ten list despite the rain, and 3) the rules of our banking industry make it a very safe haven for international money (especially now with the exchange rate) and those investors are not in for the short term.You are in the very lucky position of being able to have your cake and eat it too - keep the property.  

If happens then icing on the cake...

Ive had some bad neighbors but that takes the cake.

Now I hear from neighbors that her Probation Officer was doing a check to approve her to live there and found drugs and caked in the drug task force to search the apartment.  

Tenant sneaks very important clause into his landlord's lease.....yes,  the Landlord will provide a birthday cake on the Tenant's Birthday...http://news.yahoo.com/tenant-sneaks-very-important...

That value is notoriously difficult to determine, and you won't realize it until you sell.I'd encourage you to think of the property's value, and your equity in the property as the "icing on the cake" while analyzing rental properties, and to underwrite your investments to the "Cash on Cash ROI" metric.

Cash flow is still the right strategy while appreciation is just icing on the cake.

My name is Jonathan Rempel and I have no real background in real estate investing. My experience has come from watching friends and family in the real estate business, either as general contractors, agents, brokers, a...

Any cash flow you received in the middle should be considered icing on the cake.