I personally invest here for both the cash flow and appreciation.

Out of state investment in a more cash flow friendly, affordable market.

Property is rented and cash flowing nicely.

Mostly C to C- neighborhoods that get good cash flow and are still in pretty solid neighborhoods.  

I’ll run airdna projection and underwrite at current rates to see if cash flow positive.

The cost of entry is low, and cash flow is high.

Complications:-The condo would not cash flow if rented out.

But if you were able to flip 4 houses per year and you netted 25k in each one then it's still 100k in free cash flow for the year. 

The process is to flip the cash (you don't flip properties, you flip cash...and make no mistake,...the property isn't the true asset, you cash is) through SFH as described above, then build your cash to roll it into the NNN for the long hall.You have to have a plan, and that plan must be based on numbers with $$$ in front. 

This allows you increase your cash flow now to invest in more properties, pay down debt, perform renovations, etc.