Quote from @Angel Romero: You'll get plenty of advice on what to buy, where to buy, how to cash out equity, setting up an LLC, and other noise.

Purchase price: $650,000 Cash invested: $138,000 My business partner and I picked up this 25 lot mobile home park in Owensboro through a wholesaler.

Purchase price: $225,000 Cash invested: $56,000 Purchased 4-plex from a wholesaler.

., but for now, we like to only consider semi-stabilized (with minimal deferred maintenance) or fully stabilized, cash-flowing properties. 

But if you have a cash buyer who is specifically looking for income property, and even more specifically a vacation rental property,  I firmly believe that there is a value add from having a working STR there.

Purchase price: $145,000 Cash invested: $15,000 Sale price: $180,000 2017, I tackled my first fix-and-flip—a 2004 double-wide mobile home on over an acre that needed a complete transformation.

$1600/month rent with Piti being $1050 Will bleed cash in a war zone area.  

I have heard that, historically, midwest markets generally are considered cash-flow markets, as opposed to appreciation markets.

Some lenders might scrutinize multiple properties in the same area under second home mortgages, so you'll want to ensure your intent to use each property personally is clear and genuine.

Actually dont need the cash.