There’s huge retal income potential if you nail that balance between improvements that wow tenants and improvements that merely look fancy but don’t justify higher rents.I’d also keep an eye on how your high end plan fits the local demand.

Once I've completed these initial projects and built up some capital, my long-term goal is to transition into buy-and-hold investments in potentially more affordable markets to maximize cash flow and scale up.Right now, I'm particularly interested in investing locally here in the Seattle metro area.

Potential cash flow How did you find this deal and how did you negotiate it?

The properties are well located in Denver with value add potential and all rents are currently well below market. 

@Tim Delaney is an investor in the Buffalo market and shares many of your views on its long term potential!

In the near future, we’ll be visiting The Shoals area in northern Alabama, where we’re considering a potential move this spring.

Since you’re already networking and have some good realtor contacts, focus on narrowing down your investment strategy (like buy-and-hold or house hacking) and target markets with solid cash flow potential.

I saw the potential to cash flow when the opportunity presented itself I jumped on it.

Assume a couple of months of vacancy, consider potential unexpected repairs (like HVAC or plumbing issues), and test the numbers with rents dropping by 10-15%.

Budget between 300K and 400K.Any areas that have the potential for a good cash flow?