You need time to get your feet wet - and doing it on a small scale is WAY safer than getting into a 6 figure renovation.Flips are for one time cash, and rentals are for long term cash-flow.  

My clients absolutely love it here because they are finding deals that are cash flowing, hit the 1% rule, and have tons of appreciation.

Could be a form of equity you could bring to the table in partnering - in addition to cash you could throw in your purchase / sales commission as a form of equity in the deal.

KEEP - Cash Flow: $664- CoC Return: 12% - Equity: $175k- Total Left In Deal: 66k SALE107k profit https://www.biggerpockets.com/brrrr-calc/1809608.pdf?

In the ideal scenario, we picture keeping the property as a cash flowing asset forever and letting our kids deal with it after we die.BUT, if that doesn't happen, and we decide to sell in 7 years or 10 years, I'm going to kick myself for losing out on the capital gains tax exclusion of $500k.  

Purchase price: $137,999 Cash invested: $15,000 Sale price: $260,000 Rental House purchased in 2006 and was my primary residence until 2019.

Hi Alex, I have a few S8 tenants in Detroit, but most of my tenants are "cash paying".

Purchase price: $400,000 Cash invested: $57,000 Type: Single Family ResidenceParking: Garage - AttachedStories: 2Bath: 3 Full BathsBuilding Size: 2,686 Sqft.Lot Size: 50,791 Sqft.Year Built: 2005

. $200/month net cash flow today is an 8% CoC return in the scenario you described.

I have one tenant currently using it and she doesn’t like the portal she prefers to pay cash or check.