He is great with investors and can find deals that cash flow much easier, including some off market stuff.

Hi Max, I can speak about the Columbus Ohio market (as this is the market I specialize in) but yes, there is strong competition here and there are obviously some cash buyers and they will always have a slight advantage.

Now some other investors may believe they can boost your revenue quite a bit but they don't want to pay for that projected boost. 

If you don't intend to do that right away then do the 20% and save the extra cash flow.

I am definitely conservative and plan to keep my job until the REI cash flow is proven for income.

If you math it out it is probably unlikely that you will be cash flowing on a property that you are using 100% leverage on from a turnkey company.

Hey David - couple of suggestions below:As a first timer you will likely be required to bring a bit more cash to the table. 

You do have to purchase at least as much real estate as your net sale if you want to defer all tax.TICS are generally cash deals. 

Seller wants $160,000 cash out which leaves $50,000 in equity for the buyer.I had a taker from CA but he couldn't come up with the cash.I was not aware of anyone that understands that kind of 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!