One of the reasons there's no flow chart you can just buy or copy is there is a complex web of federal, state, and local laws you have to comply with when it comes to tenant screening (Fair Housing, Privacy Act, Fair Credit Reporting Act, HUD Guidance on Criminal Records, Section 8 Income Qualifications...just off the top of my head).

LOL  no like hey I bought this property for X and well I did nothing but own it and sold it for Y and  made this nice delta.. you know the stuff on BP that says is gambling and speculation and your crazy to do that etc etc. 

I'm really just gambling with the margin on the extra cash out per above. 

Or, another way, cash flow is the "sure bet" while appreciation is gamble. 

@Ricky Priester Its called gambling . 

The markets are cooling off so there is more wiggle room for the buyers.Lots of ways to go here… unless of course you really just want a chunk of change to go buy a boat, gamble in a casino, or go an extra extravagant vacation 

It is covered mid way down on this web page:https://www.nolo.com/legal-enc...

Wondering if you all know of this web platform (nursesbnb)  that gives high quality professional renters for your rental property.

If you are an appreciation investor and you are ok losing money each month gambling on getting it back at some point in the future, then this might be an opportunity. 

Quote from @John Gamble: Awesome.