You have to be able to have the full amount in cash within a few weeks of the auction.

My next question is what kind of cash do you have available? 

say you find a solid property in a low cost market for $200K and you buy it.between down payment, closing costs, rent ready / spruce up costs, and lease-up costs, you're probably going to need at least 50-65K in cash. 

For example, two of my goals are to achieve a certain percentage for my IRR (internal rate of return), and a certain % for my cash on cash return. 

Thanks to COVID, for a couple of years, you can actually make enough money to be cash flow positive even if you hire a property manager AND have mortgage payments. 

The operating LLC doesn't own any asset, just liquid cash that is rental income from tenant and expenses against rental properties.

How do you intend to cash flow with such a low downpayment?

You will NEVER cash flow while living there but have a chance of cash flowing when you move out.

Cash invested: $60,000 656 sq foot, 1 BR Condo What made you interested in investing in this type of deal?

Purchase price: $245,000 Cash invested: $80,000 I served as the buyer's agent acquiring this property.