The reason why I would personally place Columbus Ohio in the #1 spot is because you can still find positive cash flow, the 1% rule, and you get amazing appreciation potential.

Im certainly not an expert in the Smokies other than a semi frequent guest - but if you have the cash I would think anything north of 10% is a good way to go. 

If you take care of this is your cash flow and appreciation going to be much better long run? 

If you're looking for an investment property that will cash-flow and appreciate I think Columbus is a great market to be in.

Purchase price: $293,000 Cash invested: $135,000 Bought this single family house, and I am currently in the process of renovating it.

Some may require you to have a certain amount of experience or in place of that have a certain amount of cash cushion available called reserves.

Hey BiggerPockets Community,I’m an experienced cash buyer actively seeking to connect with reliable wholesalers in New Jersey.

With long-terms you'll want it filled out or close to full whereas with a rehab you'll want it empty or relatively empty to be able to start renovations as soon as it's been purchased.Try to find out more about the cash flow, tenant history, and if it will need renovations as those will be the key indicators for what type of loan you should be looking for.

I acquired my first investment property a few months ago and renovated the units as well as rented them out and its cash flowing well. 

Thank you very much for your responses.So you think if at least the family member can pay for my expenses then it’s worth to keep it even if I don’t have cash flow?