This leaves me to consider mid terms rentals as a way to generate above average cash flow while having a reasonable amount of management. 

I have a condo in Lakewood, CO (26th and Kipling) and have been self-managing for the past 2 years and no longer have the time/energy/patience for self-managing. 

For instance, a beachfront condo with a spectacular, beach view from the living room and balcony, priced around $600K, only generates a gross income of about $50K.

These remaining assets will be owned free and clear, without any mortgage debt, and will begin generating consistent cash flow, which will be directed towards regular investor distributions.This transition represents a significant milestone in our strategy to streamline the portfolio, reduce risk, and ensure healthier returns for you all.Looking AheadAs always, we appreciate your trust and confidence in Poly Capital Group.

For now, there's nothing wrong with doing your homework but focus more of your time and energy on finding a quality property to purchase.

The energy is fabulous and motivating.

You can obtain lists of homeowners from various sources (like public records or lead generation services) and then make calls to inquire if they’re considering selling their property.

My goal is to generate cash flow, no knowledge on how to increase the NOI, no experience in house flipping, just some cash from inheritance.

While you might not build as much equity as you would with a fixer-upper, you can start generating income right away.

I have heard mention of some investors contacting local title companies and having them generate these lists for only a couple of dollars.