Hello all,Have family in KC/Overland Park and though I'm in Chicago now, would love to own some property in KC to produce cash flow and check in on while I'm visiting...Would be looking to build a team eventually!  

Thanks to those who spend time producing such helpful content. 

It equals roughly  438 a month per unit.  438*8*12=42,000....it could be all lot renters or it could and probably just rent...it could be decent deal depends on the utilities set up, but what is upside, going to be a lot more time/money due to owning all the homes, and what is your exit strartegy...normally this small of a deal is better off being all rentals due to the smaller amount of revenue that it produces...it just depends on how close you live.best of luck

I do believe with commercial loans the income producing aspect of the property is what is considered, not your personal income.

I had never heard of it before either.. but that's what the state after I got my butt paddled made me produce to keep going on a NOTE JV ing.. and to get out of the Howery mess I created unknowingly.But when you do your funds you don't have to worry your not JV ing a note your investor is investing in a fund.. the FUND owns the note one NOTE one owner big difference. 

I am a freelance producer and also own a production company.  

In theory if a property can not produce positive cash flow with a hypothetical 100% financing it will never have true positive cash flow, you will need to buy your cash flow up front with a large down payment.

That said, I feel flipping would give me the capital needed to pay off my existing mortgages, and turn my current rental into more of a cash producing property.

I am a newer landlord with 7 income producing single family homes that I fully manage.

Now we looking to go into commercial properties or buy a package of homes leveraging a loan.I like to get details on the loans avail from members here.I can give you example what we currently looking into and our situation.Credit score 680-720Cash in Hand: 60k+Own 2 LLC with multiple producing properties in each.We are looking at this 20 unit building in Detroit.