If you buy for cash flow you will always be able to keep and maintain your property even if your appreciation slow or goes down. It is easy to get into the mind set that you can buy a property and sell it quickly for a profit or that you can buy a property, cover the payments out of your bank account and then sell it for a profit. Of course it is true that you can do both of these and be successful. However, the real money is made in buying cash flowing rental units that will pay for themselves and provide healthy appreciation to your portfolio over the years. This is the plan of the professional investor. It is always said that cash is king but in investing cash flow is really the almight king. This is the way to wealth and the way to becoming a muli-millionaire. It can be done by just about anyone who has ambition and a goal. If you are willing to put in some hard work, have a vision, and believe in what you are doing, you can become a multi-millionaire over the course of a few years.
This isn't just a crazy idea to sell you books or DVDs. It is possible to start with next to nothing and become a full time successful investor. If you have a job now it will be helpful and if you have money saved for a down payment it would also be helpful but if you have neither you still can succeed.
Here is one good idea that could help you get more money for down payments and help you find great deals on property.