I think you have to employ mid term or short term strategies to get actual cash flow in year 1 on a 2-4 unit in a good location.

For the LTR outside CA, forming an LLC in the state where the property is located can reduce administrative costs and avoid double franchise taxes in California.

Investment Info:Townhouse fix & flip investment. 26 Pilling Street is a multi-family townhouse located in the Bushwick neighborhood of Brooklyn, New York.

@Amir PortalRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

They cut out all but the best locations and were way more cautious.

But the location is great, and the layout could work for a flip or a rental with multiple units.Would you take this on, or does it seem like more hassle than it’s worth?

If it's a good asset(meaning primarily good location), you eat the 5.3% cap no problem you own the physical asset.

I plan to come a scope out locations/properties this winter. 

Conveniently located near major routes, this property blends modern amenities with rural charm close to Etna Pond.

The break-ins happened on 2 separate SFH that are not located near each other.