The key is finding a property where rents cover the mortgage or, even better, cash flow.

I know a lot of investors have done very well in Peirce County but I just haven't learned or know enough about that market to make an investment there.Washington state properties are expensive and can be difficult to make breakeven let alone cash flow at this moment due to the combination of high prices and interest rates. 

I came up with a goal of having one property by the end of the year that cash flows at least $100 a month after all expenses.

There are some fantastic cash-flowing properties in the area, especially in emerging neighborhoods.

Purchase price: $122,000 Cash invested: $41,000 Value after renovation $175,000.Closing $ 31,000 Renovation $ 10,000 How did you add value to the deal?

Purchase price: $420,000 Cash invested: $120,000 5 bedroom 2 bath property with pool, shed and playground in the backyard.

Figure out how you want to handle you investing and what role real estate plays in that. 

Memphis has been a hot market for investors due to its affordable property prices, strong rental demand, friendly landlord laws, and steady job growth—all key fundamentals for cash-flowing investments.As an agent that always works with out-of-state investors, I know how crucial it is to have the right team in place.

As long as the property cash flows, that's what is mainly needed. 

Purchase price: $149,500 Cash invested: $10,000 Duplex (3BR/2BTH and 2BR/1BTH) separate 1BR/1BTH ADU