Low cap rates do not necessarily imply that you can't have cash flow.You can cash flow by renting out a newly purchased one bedroom condo in LA, no problem (as long as you don't use too much leverage).

You've received some excellent advice here -- just want to underscore what has been implied in several of the comments: Discard the idea that the property is "valued at 600k" and think about finding a purchase price that will allow you to earn an acceptable profit.

You imply he doesn't, and needs to think about it.Most landlord/tenant laws require a LL to treat all renters the same.

This implies that there has been a previous buyer and that buyer has backed out of the deal.

I'll just googled GC and this is what came up under grantcardone.com:" Grant Cardone is a New York Times bestselling author, international speaker, business innovator, social media personality and top sales trainer in the world.""

Markets with high appreciation rates are expensive and have low initial cash flow... that comes with the territory of having persistent limited supply and high demand ... this does NOT mean that you can't make boatloads of money, and it certainly does not mean you need to be a speculator to do it as many would imply.

Well, some did because of other trainers who spoke about me, but certainly not the amount of people who know about me now and the word is still spreading.

This house was likely here before the current ROW width, so there may be a recorded or implied easement/license situation.

ADU or both: it would increase your home value and your cash flow for about 40k to 60k (I don't think you can buy another unit and rent it out for $1500 here in the LA area or OH (without the implied risk) :) 2.

I do not know whether register here is the same like Christian implied.