Purchase price: $98,500 Cash invested: $15,000 owner financed on duplex, bought from a friend of the family. hopefully many more to comeHey @Jeffrey Eschbach, welcome to the BP Forum!

Lower property taxes, affordable housing compared to LA (CA buyers are usually cash buyers because what they net from their smaller home in CA can get them a bigger home here, often covered by what they net from their CA sale), allergies (smog), and politics. 

Hey Jaycee Greene,I Got the info on the cash refi.

Those 7 years were cash positive, but we just weren't making enough cash flow to make it worth the trouble. 

Any amount you purchase less than you sell, or any amount of cash you take out is considered to be profit. 

In addition to refinancing, DSCR loans, and cash-out options, we now provide our services for all property types, not just those from NetWorth.

The accountant would record it as of Jan and not Dec. 90% of the real estate investors are running cash-basis.

We have an event this Saturday Feb 12, 2022, you can check out the Bigger Pockets page for it here:https://www.biggerpockets.com/...The group's page on Meetup.com is at:https://www.meetup.com/real-es...There is a $5.00 contribution which you can do in cash at the meeting as well, it doesn't come close to covering the cost of the space but I may be able to get another space shortly. 

Additonally investor buyers use matrix like cash flow to determine value. 

Assume break even cash flow while rented which includes a generous $600/mo repair fund.