If you could invest in a "landlord-friendly" city that had bad cash flow and low appreciation, would you?

.: @James WiseI think part of the issue is that, per 2016 Brandon Turner, every property cash flows $250 a month forever, and so there's no such thing as a $5K turnover I've had rental properties for 14 years and never even had a $1000 turnover

Shawn - I would suggest you develop a pro forma based on the stabilized state of the property to understand if it cash flows once all units are occupied being sure to include all reasonable revenue assumptions (rents, vacancy factor, etc..) as well as expenses (debt payments, maintenance, utilities, property management, taxes, insurance, turnover costs, etc..)

@Jesse HepburnThis is a tough situation, but I would not be trying to do seller financing with them, and an influx of cash from a sale is most likely not going to be beneficial for them in their current situation.

Purchase price: $142,000,000 Cash invested: $25,000 Syndication deal on a large multifamily apartment complex in the Phoenix area15.5% IRR1.98x multiplier exit in 2-5 year time frame

Birmingham and Huntsville are very strong rental markets that provide good cash flow and appreciation.

Purchase price: $275,000 Cash invested: $80,000 Sale price: $450,000 This beautiful renovated home near Washington DC promises warmth and comfort.

I'm just genuinely curious.

That is really good equity and a lot of cash flow for two SFRs. 

But if you look at other global macro trends you see other things forming quicker and I won't get into that, but that doesn't mean this isn't coming.I'm very tempted for the first time ever to sit 100% cash and watch, I may do this as we enter first business week of June.