Buy / Hold vs 70% of ARV - repair costs

[Chris Haas]

I find a lot of info on flipping but I'm really not that interested in it. I can barely change a lightbulb without the wifes help.

That said, I would like to create a passive income stream and I do have some funds available and also don't plan to leave my day job, to contribute towards that goal.

Private lending may be an option but I don't exactly have 200K laying around either. Not sure what minimums are there realistically.

What if I find an already rehabbed house, or even something that seems frowned upon......a house on the MLS (eek)?

What are some targets to help evaluate the deal. I'm not a big fan of cap rate since that ratio can vary a lot. If I have 100% financing then it may not cash flow at all....if I drop down 50% of course it better flow but then I need to calc a break even point.

I'm reading, reading, reading, and still not sure how to evaluate deals for my situation.