I purchased existing STRs that cash flow! 

Purchase price: $640,000 Cash invested: $220,000 Purchase price $640,000Got it at this price because there is a non-paying tenant in unit 2 (rent value $3,500), we're in court Rehab $60,000All in cash (rehab plus down payment) $217,500Rehab included ground level basement and 2 parking spot drivewayMonthly cash flow $1,500 ARV $950,000Equity $470,000Refi cash out (August 2024) $150,000 (used to buy new rental)New monthly cash flow breaking even (non-paying tenant still in unit 2)New equity about $200,000

If you're looking for cash flow you can easily make $300/mo net on a single family property in a better neighborhood/condition.

Positive Cash FlowImmediate cash flow isn’t always possible in growth markets.

I use that cash to scale up and buy more cash flowing houses with zero $ out of pocket.

This will help me address the process and opportunities more thoroughly and effectively.Thank you in advance for sharing your experiences and thoughts—I truly value your input!

I’m in Ohio, so I can purchase a property with $40k cash out, invest $10k in repairs, and rent for a couple hundred above the monthly operating costs.

@Jordan Moorhead I know of many single-asset syndications as well as funds that pay distributions but have negative operational cash flow.

You can get between a 12% and 15% cash on cash return each year pretty passively.

One thing to be mindful of is the cash flow of the property as you get into higher LTVs.