Now, I'm imaging a scenario when every one of these tenants move out that I'll be paying their entire security deposit + interest even if there are damages beyond normal wear and tear. 

Even with renovation costs and insurance costs the fix n flips are still making money.  

I would even call those agents and see if they know the finishes that were put into the property, if not ask if they can setup a call with that investor to see what they put in..

Good evening BP world,I am looking to make some contacts, specifically RE agents and hands-on investors in the phoenix area, in order to start acquiring some value add SFH investment properties.

Even if you rent the house for $2,000 a month, you will still lose because of maintenance, vacancies, and the expensive mistakes common with newer investors.You can borrow up to 70% of the equity.

It could even be (more) interesting from a lifestyle point of view as you'll get to stay in different cities/houses every time you go.

The price points do make it hard to cash flow even with the lower interest rate subject tos. 

@Rachel Jane a lot of issues here to consider:1) Does the condo association even allow rentals?

Hi BiggerPockets Community,I’m looking for advice on breaking even or generating positive cash flow with my studio condo in Prospect Heights, NYC.

Though, my main goal is to be break-even or close to it in cash flow once a property manager steps in to take over.