Purchase price: $85,000 Cash invested: $65,000 Sale price: $200,000 Contributors: Peter Vekselman Partner Driven and Seth Choate acquired a property on Highway 64 in Lewisburg, TN, for $85,000 on 07/22/2024.

You’ll want to get really familiar with local zoning laws, short-term rental rules, and landlord-tenant laws as they vary by town if you plan on going the STR route.Focus on Cash Flow Early On: You might be tempted to go for something that appreciates quickly, but in the early stages, it’s important to find properties that bring in cash flow.

If you could furnish the rooms, I'd say that is best bet for cash flow.

Purchase price: $630,000 Cash invested: $120,000 Completely gutted this property, brand new electrical, furnace, propane, finished basement to create separate unit.New garage with rental unit.

FYI, if you're cash strapped - not the worst idea to potentially partner up with someone to soften the blow of the $30-$40k for the garage/rental completion. 

There is a case for buying well-located solid assets that produce immediate current cash flow at reasonable leverage. 

Hi everyone I'm new to the Dallas County investment sceneI'm sure there are a lot of serious investors here in BP with experience who would gladly help with mapping the area to know which neighborhoods match the strategy.I focused on two main strategies- Fix and Flip and BRRRRso cash flow and appreciation need to work together.appreciate your insights and helpgod bless you all

I just did one for like 28k, was a little short on a closing cash purchase. 

Currently the building runs well, good tenants who are below market rent but there is harmony and dependable cash flow.

Helps with your debt to income, better opportunities at cash flow, and typically requires less down to purchase.In regards to challenges, I usually build in an extra 10-15% to deal with things that I can't see behind the walls, including dry rot, electrical or plumbing issues, etc.