The Midwest seems to be the theme when it comes to cash flow and I also believe it holds a ton of potential for appreciation if you do it right.I now have 14-doors in Detroit and I stay extremely active in the market outside my own investing.

It costs you vacancy, fresh paint, new flooring, potentially other updates. 

I'm unsure if he's licensed to practice law in PA.

It has a lot of long-term potential.

Wages increase so significantly that it allows homes to not drop, stay as is or increase (fat chance).Clearly someone is going to win in this (potentially current homeowners and upper middle class), with losers being Millenials, Gen Z and others who do not own OR they are the winners and losers are anyone who bought the past 3 years.Either way, someone will win and someone is gonna lose.For me, I play offense and defense - I am consistently looking for deals but also if #1 happens, am I protected.

Just like my STR strategy only works in towns with a large industry and lots of bank foreclosures and your W2 job lets you meet potential renters on a daily basis. 

All potential lots with direct road access sell as individual lots without any development.  

@Kim Durst Potentially you could take the $10k, then have another $10k (or whatever amount you feel covers your cost if there are further issues) held in escrow.

Now, it's time to put theory into practice.

I also regularly underwrite properties for investment potential (aka cashflow!)