First, I find a property that is undervalued and has potential for growth.

By year 3 with 4% rent growth, investor will be at +$3000/month cash flow.

What you want to see is the way those contractors responded to reviews that aren't 5 stars or when questioned about those circumstances have a humble response with a growth mindset on how they have grown as a company to avoid that type of issue in the future.4. 

Self-growth is an ongoing process

Markets where there is above-average job growth, income growth, and population growth. 

@Ron GallagherYup, everything Ron said....and in addition....buy in high rent growth areas.

However, there is not much appreciation outside of specific growth markets like Lyon, Paris, Coastal Southern France, etc.

Hows it trending, Future development or growth projection.

You can get market appreciation if you buy in an area where values are going up (hard to predict but population growth, job growth, overall market growth, and supply restriction will often cause this, especially on a long time horizon).

When Walmart came to town they were welcomed with open arms and no opposition, as it saved a 10 to 20 mile trip to a supermarket.To operate in these areas, you do the opposite and look for the opposite of growth, new jobs, new industries, and growing economies.