We’re currently living just north of Indianapolis (both were born and raised in Indiana, so we know the area well and love the potential for growth!)

Hey @Todd Lansden I was born and raised here in Memphis and I have loved every minute of it. 

He is Filipino too, born and raised on the islands but did a 20+ year career in the US military also.  

By the way I was born in Toronto, raised in Oakville, Ont and now live in California for 16 years now :)  Cheers!

I have been in the real estate industry in the WLA area for several years now and was born and raised in the area.

However that’s a lot of trapped equity which hurts your COC return and limits your ability to grow using leverage.

Funny enough, I was born and raised in Orlando.

@Kevin Jung, others hit on many of these points, but the trap I see many people fall into is underwriting a low end property with the same assumptions as a high end property.Where is cash flow most commonly eaten up: Capex and tenant turns.  

This is the long-term financial trap of buying properties in locations where rents do not outpace inflation.No matter how many properties you own in locations where rent growth is less than inflation, you cannot achieve financial freedom because your inflation-adjusted (buying power) rent is continuously declining.ConclusionIf your property is in a city with a low appreciation rate, consider using a 1031 exchange to purchase a replacement property in a city with a high appreciation rate where you can use cash-out refinance to buy more properties and where your rents will outpace inflation.

Google can be a trap....