That is less per capita than France, Germany, UK or Sweden.   

@Ryan Rush This business is full of gamble's and risks, it goes with the job... but I would never get so deep that I would put my family at risk..

Is this correctthe issue you have with so many US investors is they are feed this  appreciation is gambling cash flow day one is the right way to do it..  

Final thought: The 50% more profit from STR vs Long term rentals seems pretty glamorous...it’s like gambling at a casino and hitting 7’s....and then the dealer changes (regulation/inventory)There are over 2M STR listings in the US alone.

@Mike McKinzie  Oh no you cant really be thinking about appreciation.. that's gambling.. that's speculation , that's icing on the cake LOL.. unfortunately  your thought process and mine are very much a minority thought process on BP.BP tends to be cash flow first foremost and always.. to the point that beginning investors actually believe it and take the risk chasing very high paper yields with no clue the risk they are taking. 

In 4 years time, I am gambling on my condo appreciation quite a bit.

Looking forward to hearing from you.MT I am not a huge fan of it unless you have a trusted team set up.See more here:Why the BRRRR Method is a Risky Gamble for Out of State Investing

It is basically gambling on trends. 

Otherwise its gambling.

REI isn't gambling if done correctly.