At the time of purchase the property was producing around 3% gross rent/purchase price.

As an investor if I have a source that brings me great deals, I will continue to look at what you offer if you have produced before.

The real players take the risk of loss by using the credit card method or personal loan method and do the deal, make the repairs, and (hopefully) sell at a healthy profit.  

Just remember, the COI is only good for the date that it was produced. 

I just moved out of a home that I was house hacking and the rent by room strategy seems attractive because it can produce higher cash flow every month.

You have an income producing asset that is appreciating but you are allowed to reduce your taxable income by the depreciation.Tenants pays down your loan – A portion of your tenant’s rent is used to pay your mortgage payment.

Hey everyone,I’m a flipper for already some time, decided that I have enough capital to invest in an asset that will produce me passive income. 

I guess the difference is I am risking millions and producing a product and doing a ton of work to create the delta. 

My point is OOS has some awesome properties (including our Gulf Shore duplex) at what seems like great prices, but historically they have not produced the return of San Diego (or coastal CA) buy and hold properties.How good have our Mission Beach STRs performed? 

reverse engineered what cost I needed it for in order to make a wholesale fee and leave enough meat on the bone for an investor to take home a healthy profit on the flip.