Facts about starting out

[Chaim Mal]

My initial thought was that if a property doesn’t hit the 1% rule it is not good…that has recently changed since got in thru some posts here. 

Now my question is do you purchase a property for break even cash flow +appreciation or try to get some cash flow and have appreciation as the icing ?

secondLy it seems that getting a mortgage in my shoes would be relatively hard. How can I maximize my budget to the answer from question 1. As it seems if I am going for near by I won’t be able to purchase 

[Chris Seveney]

Quote from @Chaim Mal:

My initial thought was that if a property doesn’t hit the 1% rule it is not good…that has recently changed since got in thru some posts here. 

Now my question is do you purchase a property for break even cash flow +appreciation or try to get some cash flow and have appreciation as the icing ?

secondLy it seems that getting a mortgage in my shoes would be relatively hard. How can I maximize my budget to the answer from question 1. As it seems if I am going for near by I won’t be able to purchase 

 I have bought properties that had negative cash flow (it was just outside DC and bought it under market value) - and I would bet you the appreciation on this property would beat 5 years of a cash flowing rental everytime.

Yu have to look at the property and entire investment as some cash flowing properties have super low appreciation and replacing a roof wipes out a year of payments. So sorry not an easy answer as the asnwer is "it depends"