If you invest for appreciation and you are right, you get BOTH appreciation AND cash flow because price increases and rent increases go hand in hand while most expenses do not scale up as such.... and now, the caveats:There are 2 "flavors" of appreciation: forced appreciation (which you control) and market appreciation (which you don't control but can screen for neighborhoods with high appreciation potential.

It may not be your favorite flavor.

@Sebastian Marroquin I'm from the much smaller flavor of Pasadena :) Thank you and I will likely take you up on that!

Keep in mind that theses sorts of sales have a local flavor to them, so those of us not local to that area might not be quite accurate enough ...

This makes the actual rent 10-20% smaller ord) not all units are rented and the owner forgot to mention this.II) incorrect units:a) some of the units are in immaculate conditions - they are usually shown to the investor for inspection but 90% of the units require major fixesb) converted non-permitted units: those come in two flavors: units that were illegally added and units that have been illegally modified on the inside, e.g.: illegal unit addition or creating an attic or a basement unit for the first one and converting a large 1Bd1Ba to a small 2Bd1Ba or even converting 2Bd2Ba to 3Bd2Ba.

I like to ask what their favorite ice cream flavor is.

Study the information here on BP and make a list of questions (that we can answer for you as well) but get the local flavor from your attorney.

I think mostly because it's the flavor of the day get rich quick deal.

That said, there are still some great opportunities here depending on your preferred flavors, and this area remains hugely popular for good reasons (beautiful beaches, great food and nightlife, easy access from airports, proximity to the theme parks, etc).

I have talked to numerous people regarding the turnkey business, and it seems that there are various flavors when it comes to financing.