Purchase price: $40,000 Cash invested: $65,000 Purchased this 2 bedroom, 2 bath mobile home on a 2 acre lot with well and septic.

assuming you use all cash - and setting aside closing and holding costs for now - you're in for 150K. 

A grand negative cash flow is not the issue.

Yes, subto is riskier, but it's also a pretty sweet monthly cash flow on a solid property that will appreciate. 

Until I am considering building cash flow with launch an ATM business then using that cash flow to invest into BRRRR deals and then BTR deals. 

Purchase price: $50,000 Cash invested: $50,000 My first investment was a three unit deal for $50,000 cash.

It’s harder to BRRRR in the Tulsa area now due interest rates, you definitely have to buy at a great discount in order to be all in low enough toget all of your money out and the rents have to be high enough to still cash flow after all expenses (PITI, Mgmt, Vac’s, Rep/Maint, CapEx, HOAs, Util).Based on being “all in” $120K in order to BRRRR and still cash flow at least $300 mo:$120K cash out amount - at 7%/30 yr ($150K+ ARV)PI = $800 mo + Taxes $150 + Ins $150 = $1100mo PITIRENT would have to be at least $2000 mo- $1100 PITI- $200 mgmt (even if self mng, it’s exp for time)- $200 vacancies- $200 Rep/Maint & CapEx= $300 mo cash flow.

Also, cash flow from the rental needs to cover your mortgage, insurance, and taxes.

To your 3rd point, for a house hack, would you recommend finding a property that has some damage and needs an update to get it to its After Repair Value (ARV) or don’t worry about updating house hacks at all nor the concept of finding ARV for house hacks and just look for properties that are move in ready and can cash flow from day one?

Instead of waiting years to save, you can use a short-term strategy to generate cash flow quickly and reinvest those profits into long-term wealth-building deals.