I'm new to BP and have been taking advantage of the calculators with my new Pro Membership. I realize that buying in good locations (neighborhoods) is important. However, how does intangible or qualitative date affect...

Any other guidelines for this category?

@Collin Argue Military personnel are in a special category for resident status, so these comments specifically apply to active military.  

I wouldn't put bitcoin in the category of robinhood speculators. 

You can narrow it down to three categories to start:- High Appreciation / Low Cash flow: Gentrifying neighborhoods- Low Appreciation / High Cashflow: Creative niches such as college housing or military housing where +++bedrooms = $$$- High Appreciation / High Cashflow: Buy significantly below market + renovate + rentNote: Examples above might overlapFor the most part appreciation will always be greater than cashflow, but you will have to delay gratification and there is always the risk of trying to predict the future.

When you add a brick 2nd story above it and you have a LOT of weight pushing down on a very wide steel (probably) lintel that will deflect over time.  

Having seen your portfolio, I put a lot of weight in what you have to say.The carry strategy was one I picked up from Sam Freshman.

If playing a longer term equity game and less focused on initial cashflow I like to find houses in which the rent can pay the mortgage and also cover savings for vacancy, repairs and future improvements (these costs depend on the property and often range from saving between 5-10% toward each category).

It is particularly handy for Realtors, job recruiters and site selectors.Austin was put in the "tier 1" category.

Stessa will make it easy to track expenses, categories, and performances in a way that bookkeepers can do, but it's not their primary purposes and they'll be a bit clunky.Do your future self a favor and get Stessa.