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

I want to buy a property from MidSouth Home Buyers and it say it’s a cash flowing property but I don’t know how accurate they are.

I could be wrong, but I don't think the economy supports those numbers.

Your job, your savings, sounds like you have a supportive dad, you live in a place you evidently love, you’ve had exposure to the business.

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

Purchase price: $360,000 Cash invested: $40,000 Purchased this single family home last year.

There’s a lot of potential there, especially with its population growth and strong rental demand.Since you’re focusing on single family homes and aiming for long-term cash flow, it’s smart to start by clarifying your strategy (fix to rent, buy & hold, BRRRR) to guide your decisions.

Now is the time to subtract the debt service and calculate your cash on cash return.

It would be hard to cash flow anything there. 

I’m strongly considering an FHA loan since my cash reserves are currently limited.