Those remote flips and high cash flow rentals are so tempting on paper, but they rarely go well in reality. 

Purchase price: $165,000 Cash invested: $35,000 That's right.

If the permanent financing will allow you to recover most of your initial investment and the fair market rent covers the principal, interest taxes, and insurance with cash left over, you have a BRRRR.

. - Property type (single-family homes, duplexes, or small multifamily)- Min/max square footage or number of bedrooms and bathrooms- Desired cash flow or ROI metrics to ensure profitability- Property Condition (turnkey, light cosmetic fixes, or heavy rehab)- Neighborhood type (A/B-class areas for appreciation vs.

I purchased both as a package and for the next six years enjoyed great cash flow as I paid the tax on the house lot annually at about half of what it should have been and neglected to pay anything on the tennis court lot.  

It's a cash cow and I have been doing it Extremely successfully since 2006.

Second to cash in the bank is HELOC cash because you can use it however you want (you just have to see it already in an account).

@Johnny Lynum we did offer them an aggressive cash for keys amount to get them out as soon as possible.

I’ve seen cases where the lender filed the deed in lieu, then when the borrower threatened suit offered them a cash settlement to forgo litigation.  

Purchase price: $690,000 Cash invested: $172,500 Took a gamble on a larger single family home in an up and coming master planned community.