It's a super affordable real estate market where you can still find deals that hit the 1% rule and positive cash flow/great cap rates.

So the rest is all cash out of buyers pocket.

This concerns me when you state it is cash neutral because if your underwriting is like most newer RE investors it would mean you are cash negative.  

I am looking to do a few cash purchases/rehabs in the area and I wanted to get your feedback.

Cash flow will be a function of how much you put down. 

Purchase price: $740,000 Cash invested: $1,300,000 Sale price: $3,850,000 I refer to this project as a new construction house hack, as I secured a primary residence construction loan for a two-family home.

So you purchased it cash and just need the rehab $?

Depending on how close I was to having 20% equity in the property and being able to avoid PMI, I’d consider using some of my cash to pay down the mortgage when I refinanced.

Or we gradually perform high-quality updates for a live-in flip, then roll the equity into a new home.Regarding rental income, we aim to boost income, lower our effective tax rate by generating more low tax-drag income with rental income (since there’s not much we can do to lower out W2 tax bills) and have retirement cash flow.To compare the financial impact over 10-20 years, we want to analyze renting versus flipping.

Quote from @Taylor Dasch: Quote from @Michael Nelson: Quote from @Taylor Dasch: You either have to leave money in the deal, find a lender who will do a higher LTV, or flip and cash out.