Automatically, you need to generate more than 7.5% return on that money just to break even, because that is your cost of capital. 

After extensive clean up and rehab these two rentals generates $1,700 per month.

Originally posted by @Mike Dymski:You don't need one if you are sourcing, qualifying, and closing the leads. 

Nothing to go crazy about but it feels like a "win" for three generations of my family in this difficult market. 

Investing in real estate is a great way to generate passive income and wealth if you are in a position to do so.

I don’t pay for leads.

There are monthly mortgage, taxes, HOA dues and insurance expenses each month, however this still generates great cash flow every month.

Given that I’m currently unemployed, I’m leaning towards a fix-and-flip to generate some liquidity.Here’s my current situation:My first investment property (the duplex) was purchased using a HELOC from my mother’s primary residence (via Union Savings Bank), and the deed is currently in her name.I also secured a second HELOC against the investment property to cover contractor expenses.I'm considering transferring the property into a DSCR loan under an LLC, but I believe this would close out the second HELOC—can anyone confirm if that’s correct?

@Alex SchumerBookkeeper – Handles day-to-day financial tracking, including expense categorization, reconciliations, and generating reports like P&Ls.

Assuming you have access to MLS (Multiple Listing Service, a place for agents to list deals).1) Look for deals that look like investor-type of deals (e.g. low purchase price, ugly houses, or sometimes MLS will even say what type of financing it is)2) If the buyer's info is there, voila.  3) Otherwise, contact the realtor to look for leads (that will be more of a uphill battle, but you never know...)