I did a check on a guy 10 years ago came up clean as a whistle on my landlord association screening service.

Hello, anybody looking to purchase any investment properties for All cash in Polk county, FL and/or Pinellas county, FL?

We recently came upon a small property and are seriously thinking about purchasing our first rental!

You purchased your property in 2017 with an expected rent amount of $1,549 on the original property evaluation. 

Of course, every owner's situation is unique and factors like the legal entity involved, purchase date, adequate passive income that can be offset with the cost segregation study, etc., will need to be considered.

@Nick Henry this also comes down to how much time you have available and how much effort you are able to put into purchasing a home or building and doing renovations and then finding quality residents to live and take care of your asset.

We've never used percentage-based criteria, like the 70% Rule, for purchases.

Purchase price: $169,000 Cash invested: $35,000 Looking to put 70K into the separate garage to make a 730Sqft home.

Purchase price: $155,000 Cash invested: $60,078 Sale price: $275,000 Fix & Flip property in great neighborhood in Saraland, AL.

I think it helps flippers as it is easy to find the purchase pricesp versus selling price.