We would like to create a partnership where we are 50/50 partners and he brings the cash and I bring the experience, knowledge, and contacts ect.

Purchase price: $275,000 Cash invested: $294,000 Sale price: $355,000 The property is a 2 bed 2 bath with a den and a 1 car garage.

I'm living off of cash reserves and burning through it - there is a well dry date looming on the horizon.

Purchase price: $35,000 Cash invested: $38,000 Another flip ready in the market. https://www.zillow.com/homedetails/4467-Sims-St-Columbus-GA-31907/76572533_zpid/

My ultimate goal is to build a portfolio of cash-flowing properties to achieve financial freedom.I’m currently seeking mentors who can guide me through this journey and help me avoid common pitfalls.

There will be different areas that are better or worse depending on whether you're in search of cash flow or appreciation. 

You don't want to get stuck with negative cash-flow because you can't find another care facility tenant to rent it.Also, probably want to check with your insurance provider and see if all those tenants who are likely to fall and break a hip are going to be an issue for them, and look into the legality of what happens in the care facility owner dies and you're stuck with 5-8 tenants in the home with no one to care for them and no living descendants.

Stay disciplined, focus on cash flow, and you could achieve financial freedom in 5-7 years.Good luck!

A lot of newer investors hear older podcasts when people where buying brrrrs, making money on the cash out refi and then cash flow.

That one month of lost income will take seven months of cash flow to recover.