If your goal is day-one cash flow, the current high interest rates will make it very difficult.

Metrics like 10-15% of ARV profit, COC, and the 70% rule all serve different purposes, helping you build expectations, safety margins, track leverage, and account for contractor turnaround times.In my opinion rather than overanalyzing numbers upfront, I would focus first on building strong deal flow.

At those price points I'm assuming this is a more cash flow area like the rust belt, or other mid west geography.

This negative position can consume years of cash flow to recover.

Cash flow great.  

Properties like the Michigan complex offer a unique entry point, combining cash flow and significant upside potential.Immediate Cash FlowThis particular property is projected to deliver 6% annual cash flow from day one, already exceeding the yield of Treasuries.Value-Add RenovationsThe property includes hundreds of units that can be upgraded to Class A finishes, justifying rent increases.

It’s an incredibly powerful way to get cash-flowing assets under your name with little to no funds out of pocket.Trying to use it without being an owner-occupant is equivalent to wanting to have your cake and eat it too.

It depends on how each rental is cash-flowing, but that could eat into your cash flow.

The property is cash flowing $10-15k every month and has been an absolute juggernaut as a short term rental.

For example, say it were a 2bd/1ba property, I would just list it for 1 nurse to stay and I would hit my cash flow goal.