If you're looking at a play for buy and hold but looking to sell and cash out down the road (as in many single-family home investors), it may not  be viable in this niche.

As I diving more deep into emerging markets looking for value add plays with multifamily apartment complexes Im learning a lot about how to spot an emerging market with specific key indicators which is very helpful of knowing when to buy. 

Costs that I think a lot of flippers may forget to include are: interest on money in play over time, property taxes, insurance, lawn or snow maintenance, utilties, risk for vandilism, loss of doing other deals if funds are limited and tided up....and your time!!!

With these, you're playing Russian Roulette with your money.

(Some people can afford to play blindfolded baseball and love the thrill because they can afford it - so to each is own - if you don't own a bat and a blindfold already - get the numbers down and buyers in place before next time.)Hope you got something out of this even though its not exactly what you are asking for. 

Does the local geography or demographics play a role in which method works best?  

Just speaking to reputation, especially if you like to work with banks.I suggest you do one offer, where you will  actually buy, and move from there, that way you won't get 12 offers accepted, that is if they are decent, fair offers that are justified and not the silly low ball stuff that many play games with.

I know that there is a lot in play, Market, Project, Inflation, Leverage conditions, etc, but the exercise is mente to get and idea of the mindset and see if we can come out with some trends nationally and internationally.So let me go first:MAIN GEOGRAPHIC AREA OF INVESTMENT: Central Mexico (yea Mexico)MAIN TYPE OF REAL ESTATE INVESTMENT: Single house / Rental and Apartamento BuildingsMINIMUM EXPECTED RETURN (ROI): 12%INFLATION RATE  (CPI): 4.5%There you go, lest see what we can find out of this.

It was cool.. we were kind of like storm chasers.. you really can't log in the winter here so we worked 24/7 from May to Nov.. then my partner went to Maui I stayed home I the Napa valley and played golf every day.. it was a great 10 years.. there is still money to be made my old partner is logging to this day and he has hit a few 1 milli8on net income years but its rare now we did that in 3 months back in the day.

Here is how it plays after those projectionsVacancy-$420.00 (10%) Trash- $80.00 (2%) P and I $1,515.31 (36%) Capex-$85.00 (2%) Repairs-$378.00 (9%) Insurance-$70.00 (2%) Property tax- $338.33 (8%)Total Expenses2,886.64 (69%)Cash Flow$1,313/moCash on Cash return 15%Total return annualized19%Been over this a lot and I still really like it, there is a lot of other upside potential as well.