There's a monthly cash flow 101 game in Bloomington through MN REIA.

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

Self managed HOAs are usually undercapitalized so you want to take a thorough review of the condition of the community to make sure there isn’t deferred maintenance because you might get hit with a special assessment if the board isn’t setting aside cash for those capital improvements.At face value, taking into consideration my typical financial objectives, I wouldn’t do this deal unless it was a much lower price.

This would end up getting you some tax benefits and extra cash flow that could help you leverage that into another property...maybe a 1031 exchange.

Spreading funds across 2-3 properties could provide diversification and steady cash flow.

There's no reason to provide details, though I do let people know if anyone asks that we do not accept bulk up-front rent payments or anything like that because I absolutely do not want a prospective tenant to think that someone else swooped in with a bunch of cash last minute.

Cash for keys will be my first option.

My first goal is to hit 5k per month in pure cash flow and second goal is to hit 10k per month in pure cash flow.

Purchase price: $90,000 Cash invested: $60,000 Buy and hold that I still have to this date.

Holding properties in all cash early in an investment career is missing out of leverage returns.