If you are planning on hiring a property manager (or if you think you will ever have one for the property, even if you don't have one now), they usually will charge around 1 months of rent for just placing a tenant.Even though they are a condo and townhome, that is a tiny amount of cash flow each month.

Basements, Backyard cottages (tiny houses), Garage unit conversions.

Matt, Justin, and Rick, I have a tiny bit of experience rehabbing.

my rule, others may say otherwise but I'm not in the volume game, real estate is my current Business, and I prefer quality over quantity.....just fits my style best.

Now that our development plan is starting to take shape, I am turning to the BP community for the first time in need of advice.My partners and I have an 8 lot "tiny cabin" development in Victor, ID - a bedroom community to Jackson Hole, WY.

Buy a really cheap 1/1 in Manhattan to flip for $250,000 to sell for $500,000 a couple of years later while renting it out for tiny cash flow?

We work with a few that can through acquiring the properties in large quantities and at a discount. 

Quality of cash flow is every bit as important (I'd argue even more important) to consider than quantity of cash flow.

Ended with 3.85% loan on $200K, a tiny bit above market rates.  

My parents were always complaining about not having a place to sleep when they come visit so they started sending my "tiny house" listings and cabin plans.