I am researching my first deal in town (a foreclosure), and hoping to slowly but surely acquire properties for cash flow and retirement security. 

Make sure to analyze cash flow, including conservative estimates for vacancy and maintenance.Indianapolis Market: Indy has solid multifamily options in neighborhoods like Irvington, Fountain Square, and near downtown.

Also we felt we were going to make more self managing than with the payments they were offering.

Purchase price: $136,000 Cash invested: $90,000 Sale price: $260,000 full renovation from studs What made you interested in investing in this type of deal?

You can do this as a rate and term refinance with no cash out, or a cash out refinance. 

I plan on getting a property every year until I retire if I can find a good deal that cash flows positively.I have a very close friend whose stationed in Columbus GA whose a real estate investor and owns rentals there!

Also, you didnt mention any financing costs, was this built with cash or do you roll that into your cost of construction?

Condo's usually have high HOA dues which will eat into your cash flow.

It's called Lifetime Cash Flow.

THE NUMBERS: With a purchase price of $7M, my Investors and I put down $2.7M as the down payment on the property.