Buy the cheapest house in the neighborhood, not the most expensive. Look for areas trending upward and homes nearby getting major renovations, which lifts surrounding property values and your returns.
You want to make sure that number one, the house you're buying isn't the most expensive one in the neighborhood, so you have room to force appreciation. And ideally, you want to be buying in a neighborhood that is trending upwards. One of the reasons we bought our house is because we saw that there were some other properties that were undergoing massive renovations and were going to end up selling for way over what we paid for our property. And this will in turn raise the value of it.
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