The last piece of the puzzle is to start a semi-passive income stream.

At that moment, with a puzzled look on his face, Gary asked me why flipping shows on TV focus entirely on rehab.

This will dictate where you purchase and look for properties based on that number alone.My point is that you always start with the end in mind and work it backwards, this creates the strategy (Buy and hold, flip, Wholesale, Notes) which will be driven by the tactic (SFR, MFR, Mobile homes, Short term rental etc) I always coach people and explain that the property is actually the last piece of the puzzle not the first.Hope this helps

Unless there is another piece to the puzzle that we are missing, sellers almost always prefer cash with a quick close and it will always be considered the strongest offer as long as the price and contingencies are right.

Think of the ARV as the finished picture for a jigsaw puzzle.

Some have some specific knowledge in one part of the puzzle and are lacking in others and looking for help.

They should be able to connect you with financing parties, inspectors, contractors, etc and piece the whole puzzle together.

However, with having the money in roth ira and not being taxed on my gains I figured it would be worth it in the long haul so just trying to get all my puzzle pieces aligned.

@Demargo TrottyProperty Management is definitely a key puzzle piece to real estate.

@Jon Wisniewski The other piece to that puzzle is that residential properties aren't valued in the same way as commercial real estate, so you're viewing them through a lens that doesn't necessarily apply to them.