I drive a beautiful dark blue 2003 Ford Mustang with classic looking chrome rims and 98,558 miles to the exact!

@Ben Scott excellent advice on the classic "for rent" sign and negotiators!

You could do much better, but usually at the expense of future capex, a classic rooky mistake.While positive cash flow is the most important source of income for an investor, it is also the smallest.

Classic Home Depot?

Or maybe you want a property management group to give you passive income in a buy and hold.Personally, I love starting out with the classic house hack because it provides a multitude of skills essential for attaining my goals.

For me, such a scenario that has higher risk I speak to it and no mortgage is a classical case to consider using LLC. 

Just thinking of the classic flipper formula that states that one should be paying no more than 70% of ARV including not only acquisition but rehab costs as well, doing an owner carry and selling the note after 6-12 months even at $0.80 would be a better deal for the seller.

Going back to the classic saying "real estate is a relationship business."

But in August I decided to take this season of my life (no wife, no kids, no debt, and up to $60k cash to invest) to pursue entrepreneurship exclusively (I had toyed with the idea for years) via two ventures: starting a restomod business (a type of classic car restoration) and real estate investing.  

Classic case of "if it seems too good to be true, it probably is".