These are areas where you can cash flow in Columbus because the rent-to-price ratio is favorable.

Quote from @Caitlin Stables: I would be the assignee and then rehab and flip it I may have cash buyers within that area.

After everything was said and done, it wouldn't have cash flowed.

. $425k) to purchase a 12-unit Apartment ($1.5M) with 25% down ($375k from the HELOC).The remaining $50k from the HELOC could go into fixing/rehab of the 12-units.Then cash-refinance the larger amount from the 12-units to pay off the HELOC in one lump-sum (as much as possible), then using the cash flow from the apartment to pay off the rest of the HELOC.Repeat the process with a new apartment.1) Does this make sense?

I've done my analysis and found a deal that I really like, that has seller financing that balloons in approx 2 years.....cash flow is pretty attractive, but the down payment is around $300k, and I was looking to put down a little more than half of that.

I would like to know what is possible with that amount of cash… second question is… Is it a good idea to make an investment like this that is far from where I live… ex.

@Nicholas Olson in my market today you wouldn’t cash flow on a 3.5% down payment.

Specifically, anything indicating that the lease is completed and both sides have no claims or issues with each other.There's no "standard" agreement that I'm aware of, but we've done a bilateral "Termination of Rental Agreement" when we wanted to document that a tenant has officially moved out, that there are no outstanding funds owed, and that there are no claims or issues.These agreements are particularly useful when doing "cash for keys" with a tenant.I would keep it simple: State in the document exactly what you want to establish as facts, and then run it by an attorney for good measure.I'd also recommend requiring the tenant's signature be notarized.

I also don't want to be cash-strapped from using my W2 income to cover these costs.

LTR is so much easier but usually a lot less cash flow as well