In Phoenix, a 1996 build is practically brand new when compared to a WWI-era home in Cleveland or Pittsburgh or some other Midwest or East coast city.While I agree that older homes come with more problems, buying something newer may not work as the price will be higher and won't cash flow as well.I'm of the mindset to buy what fits your budget and investment goals.

Purchase price: $785,000 Cash invested: $156,000 Short term vacation rental in Panama City Beach.

When I drive for dollars, I just take notes of the addresses in my phone and add them to my propstream lists later.As for cash buyers, I don't think there's such thing as too many buyers on your buyers list, although you do only need one to close a deal.

Purchase price: $98,500 Cash invested: $15,000 owner financed on duplex, bought from a friend of the family. hopefully many more to comeHey @Jeffrey Eschbach, welcome to the BP Forum!

Some markets are better for cash flow.

I am still personally buying rentals but I am not expecting much in the way of cash flow at the moment.

Assume break even cash flow while rented which includes a generous $600/mo repair fund. 

In my home market of Florida, our insurance rates have made it much harder to have positive cash flow on a CRE deal.

Over the past decade, I’ve built and managed purpose-driven homes in CA that serve communities while generating stable, long-term cash flow.In addition to running care homes, I also consult with aspiring care home owners across multiple states, including Texas, Arizona, and Michigan (Detroit area).

Hey Jaycee Greene,I Got the info on the cash refi.