Strategies like living in a duplex or triplex, adding an ADU, or renting by the room can help maximize cash flow while leveraging FHA or VA loans for lower upfront costs.

Registration fees $800+ SOI $50 fees California and legal stuff-keeping it simple-easier to refinance a SFR if decide to just BRR and cash out refi in my personal name versus trying to get loan in LLC name. 

If your a cash basis taxpayer you can’t take the loss until realized.  

I would recommend fixing it and then determining whether or not to sell based on cash flow and profit after the sale.

I guess my only other option is to add padlocks onto the cash boxes on top of the regular keyed entry.

Hello Zachary,  You are correct in looking at the Mid-West for cash flow. 

There are some people that get lucky and earn cash quickly, but they generally hide the fact that it was pure luck or how much work was involved.

Yes not just for cash flow but for the health of the deal.

Refi into another bridge - if it's fully renovated it shouldn't be able to get 75% LTV and even cash out if you want, or you can do rate and term.

Is this a Rehab deal or a cash flowing property?