Which yeilds a paid off house much faster.My views re investment debt:  In support of BRRRR I like debt!  

Purchase price: $31,000 Cash invested: $31,000 Very first investment - paid all cash for this investment.

We are a long-time partner and supporter of the BP community.

I look at cash flow, purchase price and prospects of appreciation.

I am glad you highlighted the management piece as this is a crucial part of buying in another market.Excited that you are stabilized and are generating cash flow on that deal. 

I want $140k cash flow a year!

I think I can buy it at a great price to make my margins work.I have never used hard money, but this deal requires more cash than I would like to tie down (2mil).

However, I’m wondering if anyone here has had success investing OOS in locations hundreds or even thousands of miles away and still managed to maintain solid cash flow.Have you been able to overcome the challenges of investing in a distant market, and what strategies or systems have worked for you?

Or you could pay cash now and refi later.

However, if you plan on living in your existing house and when you convert the basement you can rent out for an additional $1,500 then your cash on cash return of your $50,0000 would be 36% (18,000/50,000), which is a great ROI.