But if you want to use a conservative approach and use the extra cash flow to pay off debt versus further investing, I think that's a very legitimate way to go about it.

Between the equity on the condo and the extra cash you have, you can purchase 2-3 homes. 

I think a lot of folks are sitting on or building up cash reserves as rates have squeezed a lot of the potential cash flow opportunities of years past. 

Also, often times the original homeowners still live in the property so once the sale is ratified you have to go through the eviction process or offer cash for keys to get them to leave.

Purchase price: $45,000 Cash invested: $92,049 Sale price: $154,900 Contributors: Peter Vekselman Partner Driven and partners BJ & Traci Medlen purchased a property on S.

I like to find owner finance deals and just finance the down payment for as many years as I can for cash flow.

Out-of-state investing in cash-flow markets or partnering with experienced investors for passive returns are also great ways to put your capital to work.

Don't want all my cash flow to go towards maintenance. 

(Still doesn't help me with the 2-party HOA).The property is my cash cow and a great investment, I rent weekly in the summer months and 9 months out of the year to students.

Most standard leases have check, or cash as options as a default so tell him that's his only options if he doesn't want to pay that way then he has to move on with a loss of his deposit.