So i'll just maximize the cash flow I already have.  

Granted I am new at this but still, since when are you not supposed to try to maximize your profits, it is a business after all.

Then once you have your first rental, pay down your other debts.You also mentioned being OK with some cosmetic fixes... you might need to get a lot more comfortable with more than cosmetic fixes in order to really maximize your return.

Since it's a partnership, however, you may still want to run your operating agreement past your CPA to make sure that your disbursements are logical and that he can easily issue your   K-1s and maximize your tax advantages.

So if you follow that order you can maximize your options.

I think you did fabulous maximizing the opportunity that you found.Great job!

(Note: This question is here to help investors who want to maximize liquidity: Say you purchase 2 SFH's that cost $100,000 each, ($200,000 total), and get 2 mortgages with 20% down, ($40,000 in total Down Payments, $160,000 in Mortgages Payable), does this satisfy your reinvestment requirements?

Most people who own there bought years and years ago, and the people buying now, research suggests are using OPM to borrow for down payments mainly parents, or selling and moving up.Most people are NOT investors, when they get a raise they say: We have an extra 1000/m coming in, that means we can afford a bigger house new car etc.I think personal finance is important, but if everyone knew how to maximize there $, I can imagine there would be a lot less left on the table for us. 

I've been somewhat successful in prepping an apartment, hiring cleaners, maximizing profits per sq. feet (which is always tricky).  

The way I see it, though, as I'm just getting into the business (this would be my first property), I need to be as strategic as possible with maximizing my profits.