Which of the following is typically NOT a goal for property investors?

Negative leverage is typically not a goal for property investors because it refers to a situation where the cost of borrowing exceeds the returns generated from the investment. Investors generally aim to achieve positive leverage, where the returns on the property exceed the interest costs associated with borrowing. This maximizes profitability by allowing investors to increase their return on investment through the use of debt.

In contrast to negative leverage, the other options highlight objectives that align with successful investment strategies. Short-term cash flow is a common goal as it allows investors to cover expenses and reinvest in properties. Positive leverage is desirable as it enhances returns without requiring more equity than necessary, and long-term appreciation reflects a desire for property values to increase over time, ensuring a profitable sale in the future. Thus, negative leverage does not contribute to the goals that most property investors are striving to achieve.