The light in the unit was awful, I had a blood-red fake leather couch, and I took horrible photos with my cell phone.

With a 40% expense ratio, the DSCR is approximately 1.21Hindsight Critique•Continue to build relationships to increase deal flow•Property manager (Mercer Hughes) is critical to completing renovations and quick tenant placement•Continue to build relationships with private lenders and personal investors•Have cash available to make quick competitive offers

Hindsight Critique•Continue to build relationships to increase deal flow•Property manager (Mercer Hughes) is critical to completing renovations and quick tenant placement•Continue to build relationships with private lenders and personal investors•Have cash available to make quick competitive offersDid you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

If you’re looking to make real estate your new job and to earn cash now to use and live on like a job, then go for cash flow.

How do others manage to create positive cash flow from MF properties with debt?

That is where LPs can feel free to share their real experiences without fear of any potential bad blood or retaliation from GPs.

Whether you’re targeting strong cash flow or long-term appreciation, understanding the dynamics of each neighborhood is key.

I think it is fair to say that there is somewhat of a tradeoff between markets that provide positive cash flow on day one and relatively high appreciation-based markets.

If you care just about positive cash flow (and you don't care about population growth, macroeconomics, or appreciation), definitely go with Cleveland.

Your net worth and cash flow goes up exponentially when you tap into your equity to scale up and buy more and more cash flowing properties.