Quote from @Marc Zak: In the market where I live (San Diego), appreciation has been strong and many predict it will continue to appreciate in the long term.However, with current interest rates (6% at best) and property tax (2%), the annual cost burden is 8%.Am I correct in saying that appreciation has to be above 8% annually (plus whatever my maintenance and vacancy costs are) for me to make any money in this scenario if the property is cash flow neutral?

I live in middle Tennessee, just south of Nashville, so I know a decent amount of some of those markets.  

With rates where they are, I'd expect you don't plan to be in the mortgage for more than 3–5 years (maybe less) depending on where the bond market goes. 

And when an all brick 5+ unit comes to the market it is grabbed up incredibly quickly and oftentimes on future value not todays value and current NOI.

Or maybe certain markets or property types you’re curious about?

At the time, rents were below market at $750 and $820, while comparable units were renting for around $1,000.

The marketing class will help you keep your STRs and LTRs leased.

Educate yourself on the local market, network with other investors and agents, and always have a solid plan in place before making any investments.

@Blake Johnson If investors want to divide real estate holdings without triggering a large tax bill, the biggest challenge is that transferring assets out of a corporation is typically treated as a taxable sale at fair market value.

If you like where you live, I would explore investing in a cheaper out-of-state market.