I'll split this post into two parts based on your question...NUMBER 1: OBTAINING POSITIVE CASH FLOWIt comes down to many factors, but a few key factors that I have found that have the largest impact on the property's cash flow are below (The below generally holds true for any market.

Class B would be older (maybe 10+ yrs old) with the same amenities, or you could argue that new construction, but with cheap finishes and "bare bones" amenities, would also be B.For area: it commonly comes down to crime, schools, and convenience/entertainment access.  

Another concern is the massive personal mortgage my father obtained in 2021.

I would love any advice when it comes to obtaining my first small deal! 

@Jennifer Wood I was at a property today from a lead I obtained that needed an investor to flip it pretty badly.

A cash out could very well be 50% to 70%, (or they may not do cash outs) depending on the lender so you'll need to ask and shop  around.Each property must be appraised and title insurance obtained on each, so you're not saving much in loan costs except they may close as one transaction, filing fees will be applied to  each property as well.

You need to work with an architect that has experience obtaining the certification.

In fact right now, debt coverage is is going to present a greater obstacle than obtaining an appraisal that is 20-25% greater than your cost.

See IRS Publication 527, "Figuring the Basis" under "Basis of Property Changed to Rental Use" for more information:https://www.irs.gov/publications/p527#en_US_2023_publink1000... the loan on a property does not change its basis (the FMV or the amount originally paid for the property), although as previously stated, you may have deductible expenses related to obtaining the refinanced loan.Regards,Carter, EAPro Support"

Hello everyone, I have a question about the new law that prohibits obtaining a Trust Deed before 15 days.