That will have negative tax consequences.

The negative CF hurts but how much equity is created remodeling this property?

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

@Maxwell Hinesmakes no sense - you'll be negative and never be able to pay the HELOC draw back with the cash flow you don't have from the house

Other participants would ‘applaud loudest for the “largest” nothing down purchases, regardless of whether or not the purchase price paid was well above market value, had a large monthly negative cash flow, or was a property that had no other use than as a “recreational” lot.  

Your negative is that you’re not an adult.

All of the properties have negative cash flow.How can I find properties that cash flow positive?

One guy bought a deeply cash flow negative quadplex for $1M, levered with $700K mortgage at 7%+.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Also, not looking for feedback about the value/necessity/negatives/ or need of doing a study.