Hi Jaycee,Apreciate your response.  

I apreciate your help

hi all, thank you so much for point it out, I apreciate your all respond. i hear your all.I just learn that there is no super, just a guy to clean and take out the garbage for a fee, is a 18 unit condo. that we outsource to a hoa to be in charge. so i reach out to hoa pretending i am the apartment that has leak, ask for advice, her respond is the following:you will need to hire a plumber or handy man to figure out the leak.

I apreciate the answer Ill try to answer your questions, I want to invest were I live and intend to live after college.

That will be a precious piece of knowledge for me. 

Chris, while I apreciate this view, I disagree with the notion that an agent--with no more information available than I've given--will understand the land value any better in this situation than the amassed wisdom of the pool of investors available here on BP.

Every conversation contains a precious nugget.

Good contractors are a precious commodity and any investor who has spent years and tens of thousands of dollars on contractors form hell will not feel motivated to share those with a stranger on the internet.

In Real estate, it's 90 percent predictable.In appreciation city:So you need to buy place where it appreciates a lot , DSCR > 1.0 + use 15YFRM is recommended or 30YFRMIn cash flow cityYou could buy anything with higher cash flow and use 30/40YFRM (don't use 15YFRM here)  This is my own calculation how much I make from 500k house in CA compare to $100k cashflow MF in Wisconsin:net cash flow + appreciation for CA: ($200*12)+($5000*12)= $62,000net cash flow + appreciation for WI: ($700*12)+($1666*12)= $28,400This is indirectly how the cap rate works, I don't count the equity building like you said because the LTV is predictable and would be the same regardless the location of property.This is why also when you have two set of very different problem, you arrive with two set of different solution.Do not use Cash flow strategy IN appreciation city.Do not use Apreciation strategy in Cash flow city.

I can make $500 and hour on my laptop each morning trading one ES Futures contract after going through three Economic Collapses and selling the remaining properties for apreciable profits.