Purchased for $139,999 using a mix of cash and hard money, we revamped it with modern updates, including a new kitchen, flooring, and fresh paint.The property rented for three years, generating steady cash flow of $450/month.

yeah the tenant pushing back is my concern. it just so happened that this happened with the tenant that seems to not like paying. and the heating is electric and this winter has been extremely cold which caused the electric bill to jump up to $800!

Estimated cost for remaining changes (all new electric, drywall, tile, fixtures, cabinets, roof, doors, windows, heat pump, some siding, and fencing.

Most of us will go even higher...say 85%...but you have to get the property to cash flow at that level.

We just launched a Cash-Flow Breakfast Club for your area!

Eventually, I’d like to start using the cash flow to pay myself and work toward replacing my day job income.

I'd also suggest self-managing your first property to maximize cash flow and learn by doing for any future investments.

The property does have heated radiators through out each unit. everything is separated for each unit electricity, gas, and window units in each property.

Inflation will push up rents over time, so at some point you will be cash flow positive.

@Jorge Caceres Is this with electric baseboard heaters or  heat pump/minisplits.