While appreciation in pricey markets is nice, it's also gambling.

Im a newbie in the Northern part of Ohio closer to West Virginia and I have a few properties under contract with no investors. I need some old strategies or advice on building a virtual bank or investors black-book. A...

@Michael Chilcott it's definitely better to get in at a fixed rate if possible, but it just depends on if you want to take the gamble and how sure you are of the value that may come back.  

I think that people are just gambling that the Lender just won't bother.Now, let's say you locked in a 30 year fix rate mortgage at 4%.Why would you take a chance of having to refi that beautiful Mortgage if the Lender calls the Loan?

@Wayne Brooks simple advice, seems like a pretty bad gamble given the bottom line!

@Tony Gunter i understand but maybe for me i believe that appreciation is kind of gamble because it will be affected by a lot of factors while cash on cash is kind of solid.

This is business, not a charity.Years back I was in wholesale business (not RE) I encountered highly unethical people whose actions bordered on criminal and it had nothing to do with offering the least to buy what was worth the most.

To begin I was going to start in IL and eventually spread out to bordering states.5.

Many of the "inner ring" suburbs (those municipalities that border Cleveland) also have a good amount of rental properties that may make sense depending on your criteria. 

I'm a bit biased in my opinion, as my property management company manages Hartford County, from Bristol to Vernon up to the MA border.