Here’s a detailed breakdown of these two types of markets and the factors that contribute to each:Cash Flow Market, a cash flow market is one where rental income exceeds the expenses of owning the property (mortgage, taxes, insurance, maintenance, and property management), resulting in positive monthly cash flow for the investor.Key Characteristics:High Rental Yields: Properties typically have high rental yields compared to their purchase prices.Stable or Slow Appreciation: Property values increase slowly over time, if at all.Lower Property Prices: Generally, property prices are lower, making it easier to achieve positive cash flow.Higher Rental Demand: Strong demand for rentals due to economic factors, demographics, or local employment conditions.Factors Contributing to Cash Flow Markets:Economic Stability: Stable job markets and steady local economies that support rental demand.Rental Market: High percentage of renters compared to homeowners.Affordability: Affordable property prices relative to rental income.Local Policies: Landlord-friendly laws and regulations.Appreciation Market, an appreciation market is one where property values increase significantly over time, offering substantial capital gains upon sale, but rental yields may be lower, resulting in lower monthly cash flow.Key Characteristics:High Property Value Growth: Significant annual increases in property values.Lower Rental Yields: Rental income may not cover the monthly expenses, leading to lower or even negative cash flow.Higher Property Prices: Generally higher property prices, which can make it harder to achieve positive cash flow.Strong Economic Growth: Rapid economic growth, population influx, and development.Factors Contributing to Appreciation Markets:Economic Boom: Strong local economy with job growth and high-paying industries.Population Growth: Influx of people moving to the area, increasing demand for housing.Infrastructure Development: Significant investments in infrastructure, amenities, and services.Desirability: High quality of life, good schools, and attractive neighborhoods.I hope this information finds you well. 

In the past we've used a property manager, but this will be the first time that we are managing our property and having to go though the process of acquiring a new tenant.  

We have a Core Logic one that is a paid subscription for relators and while it can be often, I would say 90% of the time it is amazingly accurate. 

Additionally, quick and effective marketing proved crucial in attracting buyers swiftly.Challenges: We faced challenges in ensuring correct pricing and marketing for a quick sale and managing the double closing process.

But generally I think areas that are relatively inexpensive with low(er) crime, decent schools, a diversified job market and steady population growth are the best places to aim for.

I assess that whether full or part time to be successful one has to invest in systems to manage the business when you're not or unavailable.

My previous LTR were professionally managed and Im trying to do it myself this time.Questions: What kind of application do you have them fill out?

I have an airbnb and the numbers are WAY up this summer, also manage another clients airbnb and both running almost fully booked up this year maybe the registration hurdles have lowered supply. 

While living there, we'd like to live for free, and after moving out, cashflow at a net amount $500-1000 and have a property manager manage it for us. 

Recently, I managed a home renovation project where the contractors were paid at closing, which significantly boosted the sales price.