The current cash flow is only about $200 because I have management fee concessions.

Here are the specifics: our current property is worth 360k roughly; we owe 120K on it.

But at current prices and interest rates, this will be very challenging unless you go to cheaper areas or nearby suburbs that are cheaper. 

In some cases, after running the numbers, I’ve even faced potential negative returns, causing me to miss out on promising deals here in South Florida.That brings me to my question: I currently own two homes—one is my primary residence, and the other is a rental property.

I started investing a little over a year ago and have earned almost $160k gross so far with 3 Padsplits.Next year if I do nothing, the 3 current properties should earn about $200k gross. 

Currently our favorite idea is a SFH we can convert to an up down duplex by sealing off a staircase with an ADU on the property for us to live in.

What markets are you currently looking into? 

I currently work with investors to build their portfolios with Turn-key long-term rentals, making it hands-free for the investors. 

About a week ago, the borrower came through, and the note is current. 

Many properties are abandoned by the current owners because of some problemDavid KrulacBigger Pockets Podcast #82