I assume you would have to pay cash, because you have to spend all cash received to avoid taxes.

You can still achieve it, but finding deals that actually pencil out on all criteria (low enough purchase price, low enough renovation cost, cash flows on the backend, all cash out at refinance) is pretty hard.

Another question would be, if he subdivided the land using SB-9 and built a duplex or another single family on the new lot, is financing, cash out refi, etc the same as if you built on an empty lot?

I’m definitely working hard to create a solid foundation for both my family and my investments, and it’s encouraging to connect with like-minded people who are exploring real estate as well.You’re absolutely right about Section 8 housing, the stability of cash flow is definitely a big draw for me, especially with the U.S. market being more accessible in terms of affordability compared to Canada.

There's a monthly cash flow 101 game in Bloomington through MN REIA.

Are there going to be banks involved, creative seller financing or all cash? 

Purchase price: $395,000 Cash invested: $100,000 Sale price: $570,000 Such a fun project!

I've had several HOAs and just like property management companies most aren't worth it. 

If you are going to have this asset for a long time it'll be worth the peace of mind knowing its updated. 

Low barrier to entry, low taxes, landlord friendly, and areas that appreciate + cash flow.