They way I see it, this is no different than you gambling 1,200/mo in Vegas. 

I like to say that the reality when it comes to Cash flow, the Characteristics of Cash Flow is NOT ABOUT THE INVESTMENT.... it's about the INVESTOR.If I buy a property ALL Cash... then yes, it will cash flow.If I buy a property with 100% financing, then NO, it will NOT cash flow.So the characteristics of Cash Flow is really not on the Property.

If you look at the recent historical trends it's not hard to identify which markets are 'growth' and which are 'cash flow' type markets, and there are some that show characteristics of both. 

Here are some funny borrower/property characteristics that we have seen this year:1.

Some maps show that West Hill doesn't exist, but the characteristics of that neighborhood, whether it was combined with Highland Square or not, still remain.So, if the property falls into one of those neighborhoods, you may have room for a rent increase; however, if it does not, You might be looking at 400-425.

I would like to know how the characteristics and elements of a property that investors look at before deciding to Fix and Flip or Buy and Hold?

It is very expensive, long term gain is a complete gamble. 

The time and energy that goes into r/e investing makes it difficult for at least me to go gambling. 

Hey @Charles Gamble, welcome to BiggerPockets!

I have no desire to lose money monthly to gamble on appreciation, if I want to gamble I'll buy a lottery ticket.