A grand negative cash flow is not the issue.

You're never going to be 3% financing and if it cash flows, I would lean toward keeping it.

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

   #9  SWEETEN the POT:    Do not think that paying extra rent is going to entice owners to rent to you. 

Floating rate loans may help cash flow early in deal, but put a lot of risk into deals. 

Cash deal, no inspection 10 day closing.

Purchase price: $110,000 Cash invested: $30,000 Hobby Farm On 10 acres2300 sq ft house with 8 out buildings - Large Barn, Animal/hog barn, Mid-size machine shed (2) 25' x 35' / 30' x 50', Large Machine shed 60' x 60', Grainery barn, Entertainment Barn, 3 car garage What made you interested in investing in this type of deal?

These will catch a buyer’s eye in any market, and it's no extra material cost to do so!

House hacking with an FHA loan is a great way to minimize living costs while building equity, or you could invest in an out-of-state rental for steady cash flow.

Thank you for sharing your experience here; it’s a good reminder to be extra careful when dealing with properties like this.This post has definitely made me realize how important it is to double-check zoning and property classifications before closing on a deal.