Negative cash flow and extended vacancy.RTR’s property management recommendations have been disappointingRTR team has been supportive and informative over the last 7 monthsAs a first time investor, I was thrilled to learn about RTR.

On the rest, I was negative cash flow on each for a time.

My criteria is cash on cash return.

I’m considering a cash out refi. 70% LTV on a property that will likely appraise around $450K.

Refuses to extend the 15 day escrow which we did because we were told it was a cash deal.

This strategy could give you steady cash flow while avoiding some of the volatility that can come with Airbnb.

Breaking Even & Potential Cash Flow•Your goal of breaking even in Year 1 is very achievable, especially with a 5% down payment and PMI removal via renovations.

Stay disciplined and avoid rushing into deals without thorough due diligence.Resources for InvestorsIf you’re new to investing in distressed properties or looking to expand your portfolio, consider leveraging resources like:Local Realtors: Realtors specializing in distressed properties can assist in locating off-market deals and navigating complex transactions.Community Forums: Attend a local investor meetup or join online forums for the Phoenix market.Educational Tools: Search out webinars, workshops, or courses on investing in distressed properties.Final ThoughtsThe distressed property market in Phoenix is creating some excellent potential for the right investors willing to go the extra mile necessary to take on strategic risks associated with this category of real estate.

My realtor stated I may not have enough cash to cover rehab cost after selling.

Cash deal, no inspection 10 day closing.