Two recent clients purchased properties with less than $250K down in New Hyde Park and Lynbrook.One property has a detached garage to bring in additional income and the other has a 1-bedroom ADU.Both deals cashflow.These aren't easy to find in a seller's market but they're out there. 

I’m a full time property manager in my 9 to 5 and manage 138 doors.

Brian, I shoot for $100-200 per door in the first year. 

I actually had to make calls to fix the heat and broken doors and connected with the tenants 1 on 1.

But well done getting your foot in the door.

I was hopping to find a very knowledgeable attorney who can tell me exactly exactly what to do or not and be on the safe side of the law.

Many Cleveland investors are comfortable with cash flow between $100–$300 per door, depending on the property and location.Given that the purchase price is $123,000, it suggests the property might not be in the best neighborhood, as Cleveland’s more desirable areas typically command higher prices.

If family lives in the main home and friends stay for free in the garage, the property remains a primary residence, but there’s no rental income or tax benefits.

I found this property while driving for dollars after leaving the local barbershop/garage shop 🤣.

So I’m trying to see if I take that equity off the table and re-invest the sale proceeds in another market across more doors where we’ll see better appreciation, OR if we continue keeping it as a rental and work on principal pay down even though the rental price has been coming down and the home is not the easiest to fill because of the above average price for the C- to B neighborhood.Ultimately, my stated goal has been to build appreciation (over cash flow) by acquiring 1-4 doors per year for the next 10 years to allow my wife to retire (or be work optional) by the time she's 50.