For example, I've met with a few locally now and I've known fairly instantly who I can trust and who I can't.

I originally planned on staying at home to save up for a house and invest in stocks, but recently started researching side hustles and REI caught my interest instantly; it is something I am passionate about as well as can help me reach my goals of financial freedom in the next decade or two.

Since you bought the house cash its instant equity and since you did touch ups, it should increase the overall value of the house.

I'd take that thing sub2 in an instant, you have way more control.

(Interest/inflation rates have been unnaturally low for a long time, but this cannot last forever. )The biggest reason for this shortage of instant high cap rate properties is that it's the folks here on BP who have already snatched up the great fixer deals, then rehabbed them for resale to retail buyers, who are mostly people looking for a home, not rentals.

Your bank may want to see some "seasoning" before they'll loan on the property, and you'll have to find one you can buy with enough instant equity to pull out.I believe I saw a BP podcast on buying property with hard money - I'd check that out if you're not familiar with that topic.I am looking at properties today in Pasco county and there are some deal out here.

Usually it's not an instant cash-flow prospect, no matter what the marketers tell you.

You are an instant contender for my First Annual Weekly Funny Funny Comments Award Show™.

everyone wants a deal.. and this is very regionalized.. on the west coast what you pay for it is usually what its worth.. or will appraise for .out in other markets you can get ARV apprasials for substantially more than you will pay.some think they have instant equity.;  Others think its really only worth what you paid for it.Banks can be led to believe in the apprsials and therby give you some paper equity

Steve,If you are truly looking to do buy and hold I wouldn't worry too much about finding a deal with instant equity right now.