How much do these numbers impact your strategy—especially when it comes to choosing between appreciation vs. cash flow plays?

I am getting the feeling that the play is appreciation here.I am also looking at doing STR in the Midtown/Montrose area for cash flow.  

I think most people in the country would rather be on their phones playing video games and getting that dopamine hit than actually putting themselves out there and doing hard things.

So off-peak just to play devils advocate.The reality is no one can afford houses at these rates, no one can afford to cut a check to get out from underwater if they re-fi'd in 20-22.

If you are just analyzing anything to crunch numbers, it's just like playing a video game.

All of these things come into play and now your camera is off line 25% of the time. 

It definitely present with its own set of challenges especially in certain C class areas where tenant turnover or rent collection can be tougher but if you're doing your due diligence on the specific street, rental comps, and crime rate, you can find solid, cashflowing deals.Class D tends to burn people, and Class A rarely makes sense unless you're playing a long appreciation game or have a different strategy.

I know it depends to an extent on quality of work but is this a value add play or not?

The play for the originator entity is the points and fees - usually the asset itself (the note) has to be financed with equity capital rather than debt because the spreads are too thin to lever up unless you have a significant portfolio.

Quote from @Timothy Devitt: Columbia continues to fly under the radar, quietly offering some of the most consistent and investor-friendly fundamentals in South CarolinaIt's becoming a strategic play for buy-and-hold investors — especially those using DSCR financing.🏡 Here’s what’s catching attention:Stable Rent Growth: Median rents in the Columbia metro have risen steadily over the past 18 months — not dramatically, but consistently.