Any one of us could give you our two cents on the math of it, but only you can decide if it makes sense based on what your specific goals are. personally, i paid points on my house because my goal was lowest possible monthly payment.

I have been looking at properties and it seemed like the seller s  based their price on zero percent cash flow for the buyer.

But it is always better to buy than rent in my opinion, so I bought the best investment I could find based on my knowledge at the time.Sorry for the long-winded response!

To be honest in today’s market I’m not seeing nearly the amount of wiggle room in renegotiating a price based on repairs.

If you do it right, it’s arguably the best market to invest.Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: .9%-1.4% rule dealsCoc ROI: 4-12%Total ROI: 20-40%Cash flow: $50-$250/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B-These numbers are based on the “sweet spot” in Metro Detroit.

My capital continues to be completely tied up in the property since I'm pretty maxed on my LTV and likely can't unlock any more equity with a HELOC or something like that.The goal of this project was always meant to be a short term exit so I could continue to try and aggressively grow my real estate portfolio, but now it feels like I'm stuck at first based.

Since you are based in California, do you know of any good CPAs who are geared towards real estate investors ?

They have had many drawbacks in the past but they are quick to put out new features and do actually make changes based on comments in the forums.

@Kevin Connauton, I agree with you that although Pad Split is a great choice for getting the rooms filled, they don't cover all your bases in terms of property management.

Then based on purchase price and escrow I back into how much money I would need to put down to reach my cashflow goal.