Another question would be, if he subdivided the land using SB-9 and built a duplex or another single family on the new lot, is financing, cash out refi, etc the same as if you built on an empty lot?

Purchase price: $932,500 Cash invested: $450,000 20-unit building converting from LTR to fully furnished MTR/STR.

We go to straight to sellers with our marketing the prices our better and the ones that meet our criteria we keep for cash flow and the ones that don’t we wholesale.

Most of our clients are cash buyers.

The market appreciates 3% per year.Pay cash for one house and rent it for $1,500.

This means the buyer cannot write it off immediately but may recover the cost through depreciation over time.To maximize tax deferral, sellers should consider negotiating a price reduction instead of a repair credit to avoid potential taxable boot (excess cash retained).

If you have cash, you could pay off the underlying loan2.

In this later scenario, you need all cash, just the same as if you were doing this old school style at the courthouse steps. 

These can provide good cash flow and are easier to manage than larger commercial properties, especially when you're just starting out.Also, when I was starting, I found local meetups super helpful.

NJ is a big one—places like Newark, Paterson, or even smaller towns have better cash flow potential.