Purchase price: $122,000 Cash invested: $41,000 Value after renovation $175,000.Closing $ 31,000 Renovation $ 10,000 How did you add value to the deal?

The cash flow does improve with the hold .  

We would buy this house all cash. 

About 8 months rental history and cash flows about 80-90k per month.

Further context, I have zero debt, high 700s credit score, one other investment property here locally. 175k in cash available, looking to do DSCR loans or cash and then refinance.Peoria, Illinois- Great need for lower income housing, market appears to have many options.Lawton, Oklahoma- Looking only at extremely cheap properties, as it seems it’s not terribly hard to find renters.

Using a HELOC to fund your first rental can be a great strategy, especially if you want to preserve your cash for other expenses or unexpected costs.

You're netting $5k/mo and have no cash available and you're working a civil engineering job?

I’m excited to make this opportunity a reality but want to ensure that I bring the right partner on board to make it a win-win situation.Looking forward to hearing your thoughts and thank you in advance!

The check has been cashed and it's still not settled with me.

Assuming the area checks out, I’d rather buy in a high price area that has little to no cash flow rather than an area that has cash flow but lower price.