Doubtful that, unless you have existing connections or are part of the Hotel Association of New York City (or what is the funded organization in your area), you would be able to cash in on that.I don't do business in New York or CT, and am open to being corrected by someone local.  

Lastly, foreclosures at courthouse auctions are cash only and 10 percent down at the time of sale, without full guarantee on all of the liens associated with the property.

My main goal is cash flow right now since I have recently retired and the money coming in each month is important to me.I would love to connect with other investors in the area and get some advice from people who have had success in Charleston. 

Fortunately, the markets helped me and I made money from the sale of the assets - but I did not make much in cash flow, which is why I bought the properties. 

This allows you to “catch up” on the depreciation in the current tax year.If you have not filed the last two years' worth of returns, you can amend them if that is easier.

@Mario MoralesCash-on-cash return measures the amount of cash flow relative to the amount of cash invested in a property investment and is calculated on a pre-tax basis.In theory if your rental income increases by X amount annually due to the rehab while holding your expenses constant so it directly increases your bottom line (cash flow), you can calculate the CoC return by inputting X/$45k (the cost).

Hopefully their deposit is higher than the damage, but if not, you can document everything and try small claims court, but honestly it is not worth your time as you are unlikely to see the money if you win. 

My goal is to generate cash flow monthly and increase my personal net worth. 

Purchase price: $118,000 Cash invested: $118,000This is the first property I bought.

The multi-family house hack can also work to increase cash flow other than just renting out spare bedrooms.