Purchase price: $640,000 Cash invested: $220,000 Purchase price $640,000Got it at this price because there is a non-paying tenant in unit 2 (rent value $3,500), we're in court Rehab $60,000All in cash (rehab plus down payment) $217,500Rehab included ground level basement and 2 parking spot drivewayMonthly cash flow $1,500 ARV $950,000Equity $470,000Refi cash out (August 2024) $150,000 (used to buy new rental)New monthly cash flow breaking even (non-paying tenant still in unit 2)New equity about $200,000

in cash flow would cut it for me. i'd want enough to cover the mtg, but also R&M and a little for vacancy. if i can't do that plus have a little actual "cash flow" left over.... i'm still here :) if that's any indication. 

You could buy 5+ cash-flowing houses and let a professional PM handle the load.

The last thing you want it to trigger income taxes from accidentally cashing out.  

What are the homes worth?

There are almost no exceptions to this, so it's not even worth considering.

Not easy but well worth it

It takes a lot of practice and sucks in the beginning, but if you stick with it long enough and keep improving it will be worth it

Low barrier to entry, low taxes, landlord friendly, and areas that appreciate + cash flow. 

While having high standards is important, it's worth considering that many Section 8 tenants might not meet requirements like a 640 credit score or $90,000 in household income.