The issue becomes if I leave, the proerty doesn’t generate positive cashflow.

Multiple Properties:Single Property Purchase: Using the entire $110,000 as a down payment on one property could allow you to acquire a more desirable asset or a larger property, potentially leading to higher rental income.

Large up front deposits are usually a red flag that the contractor doesn’t have operating capital which often  leads to project slow downs.  

You now have a higher-value property that is ready to rent.Rent: Once the rehab is complete, rent out the property to generate monthly cash flow.

For rentals, focus on properties that generate solid cash flow after covering mortgage, taxes, insurance, and maintenance.

Any thoughts on Bloomfield, NJ or other towns that could appreciate well and have or lead to positive cash flow? 

A lead can come in at the most unexpected times, and how quickly you respond can make or break a deal.

It wasn’t a huge payday—$5,000—but what I gained from the experience was far more valuable than the check.It started when I got a lead from an older woman who owned a house in New Hampshire but lived in Maine.

He ended up sifting through a lot of unqualified leads.

For instance, a beachfront condo with a spectacular, beach view from the living room and balcony, priced around $600K, only generates a gross income of about $50K.