two families require way more cash and I don't have enough.

Purchase price: $50,000 Cash invested: $50,000 Single family brrrr

Purchase price: $45,000 Cash invested: $45,000 Single family buy & hold

This is a classic wrap.The second option is for me to collect $50k cash from Don and let Don pay off my $150k loan to Chase.

So why not put that money to work and start building up some cash flow?

You will need to provide an explanation of the circumstances surrounding the BK every time you apply for credit, apply for a job, apply for a bank account, etc.Bottom line is if you’re working day labor type jobs for small companies and live on a cash basis it might not affect anything.  

Another must have requirement is to have positive cash flow.

I bought my first investment property cash, for $101K.

Purchase price: $294,500 Cash invested: $144,000 This was my first commercial MF and off market deal.

I paid cash and roughly 25% of retail value.