Stronger economies generally support higher rental demand and property appreciation.Neighborhood Analysis:Safety and Crime Rates: Avoid neighborhoods with high crime rates, as these can affect property values and rental income.Property Demand: Look for areas with growing populations or proximity to employment centers to ensure consistent rental demand.Property Condition: For fix and flips or BRRR, assess the condition of properties carefully.

If you want to cash flow 200/mo in a class b location, you most properties to have 100/mo cash flow so your deal gets you to 200/mo.In the end, I think you will have wished you bought in Austin but good luck either way.Ps In before someone recommends colombus ohio.

I have a little over 100k in cash.

I can definitely tell you there's still a lot of positive cash flowing and 1% rule deals and you get amazing appreciation.

Cash flow is the name of the game when it comes to controlling the asset so you are right it really doesn't matter whether the value goes up or down as long as you can carry it. 

You're going to need to put 25% cash down since you'll be needing a commercial loan.

My appraiser was very open for me to provide "support" for the value and so I got no pushback.

While the units look to cash flow, for the next 5 years we plan on using that cash flow for any extra expenses over and above what we would forecast for the maintenance, repairs, and capex items for the properties since we already have W2 jobs we plan on keeping for at least the next 5 years. 

@Jorge Garcia I am a lender working mainly with investors and am happy to run numbers for you on a cash out refinance.Alternatively, you can do a HELOC.

@Kevin DuongShort-Stay Rentals (STR) can bring in a lot of cash but also come with high costs for when guests come and go and tough rules.