County earned $75 grand on that one.

My wife and I started managing more properties for others as word of mouth recommendations started and we started to use the management and arbitrage cash flow to acquire our own properties and fund the BRRRs we were working on.  

I agree, start local and see if you can find anything that cash flows in your area—it's always easier to manage something close by when you're just starting out.

This is a classic wrap.The second option is for me to collect $50k cash from Don and let Don pay off my $150k loan to Chase.

@Joseph Opoku Yeah you can still get positive cash flow from day 1 in pretty much all areas except the A class neighborhoods.

got out of flipping to new construction in our market in columbus ohio. licensed general contractor. when interest rates got high single family existing went down by 30% new builds sold at a 6% increase that year which demonstrated the desire and premium that new construction commands. never looking back. total control, rinse and repeat. we can get permits in 28 days. we can buy land cash in 21 days. we can build in 120 days to 140 days and keep moving. super scalable and easy and no risk. we build the same 2-3 Floorplans 

Purchase price: $115,000 Cash invested: $42,000 Sale price: $168,000 Unfortunately, we bought this property as a buy and hold property, and our research led us to believe that this neighborhood was up and coming not in a bad area of Jacksonville.

PLus after the 10 year tax abatement the cash flow will be severly impacted2.

-Help with any questions on the market/market analysis-Help find undervalued, cash flowing off market opportunitiesId love to network with others in the area, whether you are a new/seasoned investor, contractor, property manager, other agent/broker etc, shoot me a message!

Do you have cash reserves for capital expenses and improvements?