What are some cities and neighborhoods we should consider for both good appreciation and modest to high cash flow?

This is critical early on when you start investing.Better Property Management: Understanding the basics of plumbing, electrical work, and other home systems means you can quickly address minor issues before they become major (and expensive) problems.

Purchase price: $120,000 Cash invested: $12,000 My old residence, I moved to a different home to get better financing options to make this one a rental.

Has the electrical, plumbing, or HVAC been disturbed in the work that's been done - or will you need to get into it to complete the work?

Out-of-state turnkey may sound attractive, but the cash flow is low and the perceived passivity is too high as you still need to manage the manager to be successful.Go to some local real estate meetups, talk to other investors near you and see where they are investing and at what price point.

If not, I've heard many people recommend a contractor or possible cash buyer.

I have properties in Fairfield, West end, East Lake, and others, and they can cash flow but the management is difficult (as in getting cash collected from tenants).

After analyzing over 1,300 active single family homes in Reno, Nevada we found that the majority of homes cash flow around a 4% cap rate, with outliers in the 5s and even some at 6%.A cap rate is a measure of a property's investment potential, calculated by dividing the property's net operating income (NOI) by its purchase price.

They have been good as tenants, but I'm charging well below market with the agreement that the units are as-is and non-residential.The building is partially renovated, partially demo'd, has ancient plumbing and electrical.

They can come to the table with cash to make up the difference.