Just not seeing any rents close to the property for 3/4 bedroom properties that would cash flow for a mortgage that size.

Purchase price: $240,000 Cash invested: $60,000 I purchased this duplex in distressed condition using owner financing for $240K and secured a $60K hard money loan for renovations.

Cash flow might take a bit of a back seat but building a team you can trust and building experience are top priorities in my eyes.

Purchase price: $130,000 Cash invested: $9,000 Sale price: $185,000 I did not have the knowledge then to keep the property and pull money out to complete renovations to another property we purchased a year after this one that required a complete overhaul.

You're never going to be 3% financing and if it cash flows, I would lean toward keeping it.

If you can buy a house with a small cash flow and there is room to build a duplex on the back of the lot, then you get free dirt. 

Small multi-family properties starting at over $1M, which is pretty expensive and, resale single family (before year 2000) offer minimal cash flow (~$200-300/month).2.

The letter stated it was a cash deal up to $300,000 which is why the decision to close in 15 days was implemented.

Purchase price: $80,000 Cash invested: $145,000 Turning a 3/2 into a 4/2 duplex for short term rentals.

Your $120K could cover a strong down payment on a cash-flowing duplex.