I agree with the other contributor that it’s better to own a $1M asset that appreciates 3% per year that pays no cash flow (over the long term) rather than a $100k asset that appreciates 3% and pays $300 a month in cash flow.

I am interested in buying a long-term turnkey property in a nice area (I live in San Diego so this property would have to be out of state).

We did have one, but took it down for iOS and have long-term plans to resurrect it.

My name is Wes and I live about an hour north of Toronto, Ontario, Canada.Looking to get into real-estate investing with long term rentals, BRRR, and House hacking.Currently looking to also find other other local people to chat to about real-estate and how to get started in our currently price inflated Ontario market.Let me know if you're in my area!!

Long-term, look into refinancing once property values increase to lower your interest rate or pull equity for your next investment.Good luck!

It's not difficult (shouldn't take long) to get flood insurance quotes (NFIP & private) if you work with a good agent.

Hi Anthony, what's your biggest priority - cashflow or long-term appreciation? 

What this tells me is Raleigh is likely better for long-term, conservative investments due to steady value growth.

Run the numbers you may do better long term or renting as a whole unit.

Long story short, you spend a month cleaning and renovating, then you find a new tenant after just 15 days.In total, you lost three months of rent income ($3,000) plus paying utilities ($500).