We lived in NYC, a high appreciation area.1.

Inversely,  does a high level of confidence mean that a property is  a good rental property to buy? 

Extremely low vacancy rates, very low turnover, maximized rent trough improvements, create high resident satisfaction etc - all add up to a critical advantage over a 10 year period.I feel lucky that have landed in a market which had both cash flow and appreciation over the last decade. 

We saw it on the market, but priced quite high initially.

Coastline properties tend to be less desirable due to flood plain, lots of severe storms, and high property insurance costs.

It would be difficult to provide a reasonable amount for annual repairs without knowing the size or unit count of the building, but I know if you had to renovate a unit or the building, the investors I work with use $120-150/sqft depending on the extension of the renovation project and how high-end finishes you would use.

I highly appreciate this community, I am learning alot. 

- The Bottom LineThe Weekly 3: News and Data to Keep You Informed- Fed May Keep Interest Rates High.

@Luke Morris TamneyI would open a high-interest savings or money market account, specifically for real estate investing, and save it there.

Highly pressured sales tactics at there 3 day events they do all over the US to get you wrapped into their high dollar coaching programs.