A single-family home or small multi-unit property can be a great way to dip your toes in the water.Build a Team: Even if you’re planning to handle most things yourself, having a good real estate agent, property manager (if needed), and a reliable handyman can make life so much easier.Learn the Local Laws: Pensacola is pretty investor-friendly, but it’s always good to know local zoning laws and short-term rental regulations if you’re thinking about Airbnb or VRBO.Run the Numbers: Make sure you’re clear on the property’s cash flow potential.

The rent-to-price ratio is a quick way to measure if a property might cash flow.

Columbus in particular has been a strong market for both approaches, with solid fundamentals for long-term appreciation and cash flow.

Would a property with 4 bed or 5 bedroom would have a better cash flow ? 

It would cash flow nicely.One item to plan for from the beginning is the exit. 

This is a significant down side to me as a long term investor as it basically wipes out your cash flow. 

Note rent minus piti does not equate to cash flow.  

With a 40% expense ratio, the DSCR is approximately 1.21Hindsight Critique•Continue to build relationships to increase deal flow•Property manager (Mercer Hughes) is critical to completing renovations and quick tenant placement•Continue to build relationships with private lenders and personal investors•Have cash available to make quick competitive offers

Are you cash flowing the property?

I expect a company makes most sense, which leads onto my next question. 3) Commercial Mortgages - Has anyone made the jump from getting financing based on personal salary to financing based on the cash flow from the deal itself?