By partnering with Billy Medlen, we provided the necessary capital to purchase the property and fund $47,000 in renovations.

Often the owner provided the wrong account or routing info.

But I prefer the guidance of someone with experience.Thanks in advance for any guidance provided. 

They provided the meters that go on every water meter in each unit.

My goal is to build a sustainable rental portfolio that provides great housing for tenants and solid financial returns.I’m looking for advice, insights, and connections from experienced investors or local professionals.

Cleveland investors often aim for COC returns of 8–12%, so you’re in the right range.Net Cash Flow: $277/month is positive and provides a buffer for unexpected expenses.

A lot of loans require that you already own the land outright before they will provide funding but there are tons of different options.Once you have the funding piece figured out, I would discuss with a builder and try to price it out.

Any suggestions for impactful investments or initiatives that could provide sustainable support would be deeply appreciated.Thank you for your wisdom and support during this challenging time.P.S.

Makes your life as a property manager easier, and provides consistent rents coming in.

So even if the cash flow is only 3% or 4% cash on cash, that’s enough to provide a protective layer to cover unexpected items.To me, the cash flow is NOT to put spendable cash in my pocket NOW but rather keep the property self supporting while it increases in value over the long term.In addition, every property a purchase has a cash reserve fund - call it my rainy day fund or my Sominex account (ie I can sleep at night knowing if the furnace goes out I have $8,000 in my reserve fund to replace it.)One final note, I have found once one reaches a certain net worth, cash flow no longer is a concern, there is always as much cash flow as anyone wants.Final note, who will have more cash flow someone with $1M investible cash or $3M investible cash?