There has been a lot of growth in these areas so the appreciation aspect was attractive to me at first.

I established that goal prior to my knowledge of BP and the ability of investors to significantly speed up financial goals.

Originally posted by @John Chapman: @Greg Hall can you elaborate on why you think the "subject to" might impede the purchaser's ability to sue for specific performance?

It would be wise to screen and be confident in their ability and desire to pay rent to you.

Primarily I am concerned about if I choose to buy and hold, how do I predict an upward growth trajectory in regard to the construction quality and thus the "word around the campfire" about the subdivision.

Booming Suburbs Booming Suburbs Attributes Some of the factors that Coldwell Banker®picked to select the Best Places to Live for Booming SuburbsJob growth and availabilityMany employment opportunitiesMany car commutersGas AffordabilityHigh percentage of home ownershipHigh number of people who eat inMedian disposable incomeSafety is a priorityGood schools nearbyHome improvement is a priorityAccess to outdoor activities storesOutdoor activitiesCultural activitiesMany single family homesLeisure activities1.

Notes and hard money lending could generate some monthly cash-flow, but it may be sporadic, and there will be no equity growth as time goes on.Food for thought.

There are a property or two I have found that I project a cash flow of about $500/mo.My other thought is this: I would be eliminating a nice asset I would have-the ability to get at $20k whenever I want/need it.

The work involved in finding the deal is the same and the returns is higher.Regarding your question, instead of going for average cap rates, I would buy a property if it makes sense financially in a location with solid job growth.

In my area and probably most areas, there are small communities and neighborhoods move through a cycle just as any business model, start up, growth, maturity, stagnant and decline.