If you have 1-4 unit residential that's already cash flowing I would go DSCR if you have a ratio of 1 or more.

@Rajesh Kasturi My favorite MTR market for cash flow AND appreciation is Portland, OR. 

@Jordyn Ohs Assuming your heloc is re-advanceable and the rate is higher than your mortgage, I would suggest you pay your HELOC down as quickly as possible with any cash flow from the properties.

If you own (2) properties free and clear you could simply do a cash out refinance. 

Now I know what you all are thinking -- that place is not going to cash flow!

I would like for the properties to cash flow but have no intentions of living off of the cash flow.

Personally, I'd cash-out refinance into a 30 or 15 year loan.

I am mostly interested in appreciation/pay out at the end rather than cash flow each quarter.

Someone suggested mid-term rentals may yield better cash flow.

There are two types of return from a rental propertyCash Flow & Appreciation.I normally also aim for a minimum of 8% return between Cash-Flow and Appreciation.Appreication, nationally, is around 2% to 3% annually.Therefore, your goal is to get the cash-flow to be about 5% to 6%.The issue is interest rates being very high, you would therefore, need to buy at a pricepoint where the numbers still make sense.You can always put down more of a downpayment to cash flow, but that will impact your cash on cash return calculations.Best of luck!