Condo's usually have high HOA dues which will eat into your cash flow.

We were just happy our first and second mortgage was going to be covered and have a little cash flow at the same time.

I like it because it keeps my money working for me in between finding deals, so I don’t have cash sitting on the sidelines getting chewed up by inflation.That being said, if you have equity from day one.

Or buy and force appreciation or buy and paydown debt with cash flow..

Purchase price: $145,000 Cash invested: $15,000 I obtained the home 9 years and am holding it for cashflow as a single family long term rental.

Are you looking to do a cash out refi after the rehab is done?

thats horrible, hopefully you can get some of the cash back. there are just horrible people in this world.

If you own (2) properties free and clear you could simply do a cash out refinance. 

Retaining your current home at a 2.875% mortgage rate maximizes cash flow, while accessing $65K in equity provides liquidity for your next steps.

Real estate requires cash, that's why it's called in-vesting.