So without hedging , your portfolio has 1.0 deltawith TBT 10 and SDS 10, your portfolio perhaps has 0.7-0.8 delta.If you construct your portfolio to be SDS 25 + TLT 25 + TBT 25 + SDS 25Then your portfolio is 0 delta or we call it delta neutral hedging, which means if stock going up or lower your portfolio $ value is always more or less the same.I always delta neutral hedge my portfolio when I see risk in the market so I know I wouldn't lose money even if index going down.

If you can figure out how to take down a cash-neutral or cash-flowing property with the interest rates we have now, you'll be in a great place to refinance once we're through this mess.Make sure you're mitigating your risk and triple checking your numbers/budgets.

Personally I'm in escrow on a property in the same market (got the last of the 3% mortgages out there) and hoping I can be cash flow neutral.

But I'm also partway through getting a HELOC and another private note created... hard to give an accurate answer to this question when the target is always moving.At the end of the day my primary goal is expansion at this point so I try to stay relatively close to neutral cash flow in order to grow more quickly... all the while keeping sufficient liquidity around to cover the worst scenarios I can imagine and making sure my credit / financial ratios remain healthy. 

Saying "the vacancy had been filled" has been suggested (because it's neutral) rather than providing a specific reason (credit score, background check, whatever).My post was an attempt to point out job applicants face similar politically-correct rejections.

So typically after 7 yrs of owning these duplexes, I have been cash flow neutral. 

I'm looking for cash flow neutral properties, fixers, and with a ton of value add opportunity. 

Binney downgraded both Fannie and Freddie to sell from neutral, and halved his stock price targets for both to $1 from $2.

Fairly new to the real estate game, some experience investing in REITs and via Fundrise, and on route to buying the first property in the next 90 daysInitial goal: buy and hold, cashflow single-family home in ColumbusMid-term goal: graduate to multi-family in OH, then expand to other states in the mid-west - all buy and hold, cash-flow-ing Long term goal: become financially independent, cashflow neutral, so neither me and my wife have to "work" for a livingNot selling anything, just want to chat with people with similar goals/areas of interest

This is going to be cash flow negative until the rent appreciation is enough to make cash flow neutral and eventually cash flow positive.