If you take that cash and try to buy units in the area, ask yourself what are they selling for?

Jillian,You can solve two problems with just using a DSCR program to refinance pull cash out and then close in an LLC. 

What is best for a newbie with little cash on hand?

If you care just about positive cash flow (and you don't care about population growth, macroeconomics, or appreciation), definitely go with Cleveland.

I don't have a ton of cash right now so figuring how to do it all creatively is definitely in my priority list.

You are missing my point on taxes.Scenario 1:  Your partner buys the house at the same time you put your cash in.  

Purchase price: $330,000 Cash invested: $40,000 Hey everyone, I wanted to share a personal story about a property I purchased and renovated in Hudson County, NJ.

Net worth and cash flow

The first goes to foreclosure you will need to cash out the first before it goes to sale other wise you will get wiped out..

Many investors are adjusting by using more cash or creative financing strategies to maintain profitability.Renovation Costs: While labor and material costs have somewhat stabilized, smart budgeting and working with reliable contractors are still crucial for keeping timelines and profits in check.How has your strategy changed for those currently flipping in Phoenix?