Quote from @Brendan M Hornung: I reside in Southern California and started my investment journey in March of last year by purchasing a sub-to single-family home in AL.

Hi BPers, We have just made a purchase which is our 11th property, yah!

Of course, it always depends on what your purchase price is and Dayton does have cheap homes! 

Are they going to be able to buy your proudly done flip.3) If you misjudge the market, do you know when to dump it.4) Can you put a spreadsheet together on your purchase costs, carrying costs, rehab costs, closing costs, selling costs, tax costs, contractors that don't show and delay your project etc. etc. etc.5) Is the return worth the risk.

That ensures you don't spend it on other things and that you know exactly how much you have available to spend on the next purchase.

Cash flow is defined as the money left over after paying for all expenses, including setting aside a certain amount to cover projected expenses like maintenance, vacancies, or capital expenditures.EXAMPLE:Property Price: $250,000Down Payment (25%): $62,500Loan Amount: $187,500Interest Rate: 6.5%Loan Term: 30 yearsMonthly Mortgage Payment: $1,185Monthly ExpensesMortgage Payment: $1,185Property Taxes: $250Insurance: $100Maintenance (10% of rent): $250Vacancy and CapEx (20% of rent): $500Rental IncomeMonthly Rent: $2,500Total Expenses: $2,285Cash FlowNet Cash Flow: $215 per month 💰However, there are many other factors to consider.

Experts, including Redfin, predict further improvements in affordability by 2025.The decline in rents is being driven by:1.

Looking to purchase in NV with current paystubs because income is a bit tight with returns.  

I purchased the property from the Shelby County Land bank. 

This is the sum of all of the sources of gain including not only cash flow and appreciation but also depreciation and amortization of the loan.