Assuming you derive your monthly income from investing cash flow is necessary where as appreciation is simply a bonus for having invested in a smart income producing property.The strangest thing about most appreciation investors is that they usually never realise their gains since they are reluctant to ever sell and can not pull out cash due to the further negative impact on cash flow.

BUY FROM AN ESTATE SALE BE SMART?

Currently I work at a technology startup in San Francisco focussed on the new construction and remodeling industry.

Smart investors understand the value of cash and do not allow it to wallow away in a rental property.

He is smart, super responsive and very knowledgeable for Bakersfield area!

Hi @Duane Hundley, sounds like a smart move financially, as long as you're okay with the downsizing.

You are smart to be thinking of this aspect.  

The seller is smart I will say, and is giving you permission to assign the contract but is making sure they are getting paid. lolHappy investing

I feel like it's a tool that I need in my tool belt but I've got to be smart about where I'm allocating time.  

I roughly make 55k a year and have about 20k in savings (minus 7k for the down-payment)Would/does this seem like a smart move acquiring this place?