But if you want to use a conservative approach and use the extra cash flow to pay off debt versus further investing, I think that's a very legitimate way to go about it.

The cash investor who "saw the property on zillow" but doesn't really understand what REO means or how the banks operate. 

I've found that the best areas for the investors I have worked with on BRRRR properties are areas like Center Point, Fultondale, Gardendale, and Pinson areas.These areas are solid and aren't in warzones like Fairfield or Tarrant but will also produce you cash flow and equity unlike cities like Hoover or Vestavia.

We can't guarantee past our GC that the sub's employees are paid so we rely on hiring a good GC that has reputable subs, contractors, and not a bunch of cash workers.

Then you do the refinance and end up with hopefully the same net cash flow as before but also have the free cash to invest in the syndication.

Decided to pull the trigger finally in RE investing, taking advantage of interest rates and some on hand cash.

Purchase price: $20,000,000 Cash invested: $13,000,000 Sale price: $20,000,000 This property is not for sale - per-se What made you interested in investing in this type of deal?

Between the equity on the condo and the extra cash you have, you can purchase 2-3 homes. 

The third property has a nice cash flow.I am wondering if there are steps I can take to reduce the cashflow issues of the 2 properties before obtaining another property, like pay down the mortgages or should I just save the cashflow from the third property to pay for any future expenses?

Are you cash flowing the property?