I tried to provide constructive feedback on why it was not worth continuing with RentRedi and all the sudden I couldn't type anymore (it was about 3-4 sentences I got cut off). 

Purchase price: $155,000 Cash invested: $60,078 Sale price: $275,000 Fix & Flip property in great neighborhood in Saraland, AL.

We were just happy our first and second mortgage was going to be covered and have a little cash flow at the same time.

However if it is a larger property I comp it like I do a commercial property with a cap rate and with cash flow.

In high-cost markets like Chicago, that can be tough to meet.If you're looking at a duplex, the self-sufficiency test doesn’t apply, so you’d just need to qualify based on your personal income and the rental income your lender allows.If your current lender isn’t familiar with making FHA work in your situation, it might be worth getting a second opinion from someone experienced with FHA multi-unit financing.

There are a bunch of investors from Calgary who are investing here as they find it more fertile grounds then there local market (So they tell me this)So the take home point is if you want to BRRRR in Winnipeg then you will find amazing deals with buildings that are burnt/plumbing/electrical work needed so you can get exempt from rent control and obtain the cash flow you want.

You are not even scooping your initial investment so your cash on cash return is negative.

The bigger you go, the less competition you'll have and the greater your chance at some serious cash flow. 

I suggest keeping track of these key features which range from cap rate to, cash flow, ROI, and asset comparison.

This does not align with buying most buildings in cash.Once you progress in your investing efforts you may come across more UHNW individuals, family offices and institutions who would take the lower return for limiting risk (all cash deal).