But that will only result in prices to correct in 1% or 2% increments - that would have to last for many years to make a difference.

That will let you rapidly grow your portfolio, If you combine that with the BRRRR method, that should allow you to rapidly keep funding the new purchases without needing to save a ton of money. 

Purchase price: $384,999 Cash invested: $154,000 This investment is a nearly-new single-family home located in a rapidly growing area of Hoschton, Georgia.

I live in Rapid City and have owned duplexes in the past.

It is a solid model for rapid growth with limited capital and allows for risk management.  

I think we will see the FED dropping rates half a percent in increments.

I have tremendous confidence in that area long term but only planning on holding something for five years is riskier, given interest rates are high and you'd likely make little progress on the principal / not build up a ton of equity before selling (meaning it would have to appreciate quite rapidly for you to come out ahead). 

I believe Frederick is the next to grow rapidly.

I was drawn to this deal because it offered the rare combination of a nearly new property in a rapidly growing area with excellent long-term appreciation potential and immediate rental cash flow.

But overall, more moderate price growth is cooling the rapid spikes we saw during the frenzy of the past few years.And remember, even the most conservative experts still project prices will rise over the course of the next 5 years.