Purchase price: $350,000 Cash invested: $10,000 House hacking my first home by converting the master bed into an independent studio that we rent on Airbnb What made you interested in investing in this type of deal?

Some markets are better for cash flow.

IF you plan on going back someday, and this is the home you want to move back to, then renting it would be a good idea as long as you estimate that it will cover itself, or preferably, cash flow, which it appears that yours will at @ $2K or so per month (after expenses). 

Depending on the seller, you may sweeten the deal, by letting them know that they don't immediately need to cash out, or can partly cash out.

Cap Rate, Cash On Cash Return, then IRR. 

I purchased three out of state "cash flow" rentals with Evernest.

Just wanted to mention that the cash out refinance funds are not tax free forever.

Hey BiggerPockets community,I’m in the process of defining my investment strategy, and I’d love to hear from those with more experience.I have enough capital to pursue one of these two paths:1️⃣ Build a Single-Family Home Portfolio: Gradually acquire around 20 SFHs using the BRRRR strategy or focusing on positive cash flow properties.

Purchase price: $75,000 Cash invested: $10,000 Sale price: $120,000 This is a 2 bedroom 1 bathroom single family detached house is South Georgia.

Hey Jaycee Greene,I Got the info on the cash refi.