@Tim Orenbuch I definitely agree on value being the primary driver.

Look into Cleveland, its got good cashflow potential with appreciation happening as well.Looking for appreciation come to Columbus, there are still 1% deals, but the more attractive part is the population growth and other economic drivers!

@Everest Jordan, I recently listened to an expert panel discussion with James Eng, Dino Pierce, Jonathan Twombly and Jeremy Roll.They had some interesting things to say from a macro point of view.James, Jonathan, and Jeremy were certainly advising caution.For example, James Eng mentioned that he looks at dozens of T12's every day and what he is noticing is that the rents are flat, so at the moment there is no ability to drive rent growth.This tells him that the market is definitely softening.

I don't see strong economic drivers that would give me enough confidence in the long term/appreciation picture. 

Price is not the only driver, however. 

This is all done after closing and you must be sure to advise the lender and the lawyer that you plan for it to be your new home to live in and not mention renting.If it is brand new then it is important to change your driver's license etc to that property as well to avoid paying HST because of it being a rental.And if you are choosing between brand new and resale - do resale as you then have no issues with HST.I hope this helps.  

I was a full time truck driver when I got my first deal.

We also have the tenant e-mail us copies of their last two pay stubs from their job and a photo of their drivers license.

Cash flow isn't the main driver so would be happy w/ ~$200/month if it were to work out.  

I live in Houston, TX and have recently started driving for Uber and Lyft full-time after spending a year as a truck driver.