Personally, I find cash flow in tertiary markets that are heavily concentrated in multifamily properties outside major metropolitan areas. For instance, I invest in Worcester MA and the surrounding areas which is a tertiary market to Boston. Around my area, you can still find properties with decent appreciation liklihood while still hitting the 1% rule. If I was moving to another market, I would focus on tertiary markets outside major growing metropolitan areas with a large concentration of multifamily, preferably at least an hour away at most. It's easier to find a cash flow multifamily when there are more supply of that asset class. That is how I seek cash flow in this market.... how do you?