You can still achieve it, but finding deals that actually pencil out on all criteria (low enough purchase price, low enough renovation cost, cash flows on the backend, all cash out at refinance) is pretty hard.

Stack up the cash flow and dip into that as needed to support the asset.

We receive countless gifts and thank you cards from borrowers all over USA. 

So I'd be pulling equity at 9% and only get paid 5% if I used the HELOC and kept the cash in my high yield account. 

I purchased three out of state "cash flow" rentals with Evernest.

If you don't actually replace the damaged property, the insurer will normally only pay you the "actual cash value," i.e., the depreciated value of the property.

The best I've seen for STRs is 80LTV on purchase and 75LTV on cash outs. 

By then, you have a cash flow that can support hiring a bookkeeper.I recommend staying away from companies that outsource bookkeeping overseas.

Starting with a turnkey cash flow rental is what I recommend for newbies!

Purchase price: $560,000 Cash invested: $60,000 I thank the dog next door for leading to this purchase.