I like Columbus for moderate cash flow and high appreciation and Cleveland for high cash flow

We're looking for ways to increase our income and have decided to obtain an LLC.Initially, I planned to use the LLC for a rental arbitrage business in Anaheim, CA, near Disneyland due to its high tourist appeal.

Stock market all time highs have something to do with it as well...sell what you think is a frothy market (who knows if that's the case or not?)

:Class A Properties:Cashflow vs Appreciation: Typically, 3-5 years for positive cashflow, but you get highest relative rent & value appreciation.Vacancy Est: Historically 10%, 5% the more recent norm.Tenant Pool: Majority will have FICO scores of 680+, zero evictions in last 7 years.Class B Properties:Cashflow vs Appreciation: Typically, decent amount of relative rent & value appreciation.Vacancy Est: Historically 10%, 5% should be applied only if proper research done to support.Tenant Pool: Majority will have FICO scores of 620-680, some blemishes, but should have no evictions in last 5 yearsClass C Properties:Cashflow vs Appreciation: Typically, high cashflow and at the lower end of relative rent & value appreciation.

However, being worried about finding a qualified tenant in the winter certainly wouldn't be an issue here... the demand for rentals is so high.

There's a variety of ways to get a deal in front of you (I'm mostly a flipper), but basically if it looks promising, I run custom comps queries and check the current & past $/sf of renovated/distressed product in that city or zipcode.Here's a chart on 90066 I generated from my tool under Market Stats > Sales Data > Specific Zip Code:- My above chart (more available) shows the Avg Renovated $/sf (High) over time in this Zip Code, something completely different than charts/providers based on Averages/Medians only, like every other platform (RedFin Below, https://www.redfin.com/news/data-center/):- Can't select smaller locations such as City or Zipcode for their $/sf data, so it's useless helping me underwrite/verify a deal.- Can set Zip Code for Median Sale Price data, but again it's the median/avg so it's useless helping me underwrite/verify a deal.Then if that looks decent, I'll run Sales Comps, and get a quick summary of some key metrics based on those comps.

Perhaps focus on homes with longer days on market, ones that didn't sell during the initial two weeks because priced too high or needs updates but would still pass a loan appraisal. 

For me, the risk is too high IMHO. 

Partner Driven was interested in the Ashe Park Rd deal in Jefferson, NC, due to its high profit potential and quick turnaround.

I have a single family home renting furnished for a very high amount for the area.