One thing you don't want to do is to buy based on proforma and have a negative cash flow property, especially on your first deal.

Is your income considered variable in nature depending on job sites and that you do not work a set amount of hours per week?

Don’t forget heloc, DSCR, 2nd on primary, borrow from retirement accounts, credit card cash advance, property reserves, home improvement store credit, etc etc.

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

You can test this, by asking some to SHOW you how they calculate ROI, Cap Rates, Cash-on-Cash, etc., for their clients.Many will say, "that's the investor's problem".They are correct because an investor should NOT rely anyone else to run their numbers.So, then what exactly makes them investor-friendly?

Is there debt on the property or are you doing all cash?

They would require an additional 25 million raise.I was shocked because they don't have anywhere near that amount of cash on hand, nor a credit line to draw on.Newberry was asked if he felt confident that he could raise that amount.

If not I wouldn't bother selling as there is an incredible amount of money lost in buying and selling properties, so you have to make sure you have a plan to maximize the equity and actually have enough. 

I used the lower of rent amounts for analysis. https://www.biggerpockets.com/analysis/rentals/ee5f6928-93ce... is link to the BP Calculation on it.

Seller won’t budge on price and it will be tight for cash flow.