Here's the deal:Purchase Price (PP): $95kRenovation Budget (via HML): $60kTotal All-In Cost: $155kARV (After Repair Value): Around $200kRefinance (via DSCR Loan): 7% interest, 30-year fixedRefinance Details:After the refi, I will pay back the Hard Money Loan (HML) at 11.95% with 3 points:HML: $60,000Interest/fees: $3,585Other costs: $1,800Total to pay back HML: $65,385After the refi, I will have $84,615 left in cash.Cash Flow & Expenses:Expected Rent Income: $1,700/monthProperty Management (PM): $126/monthInsurance: $100/monthTaxes: $126/monthMortgage: $1,043.75/monthTotal Expenses: $1,395.75/monthSo my monthly cash flow is about:$1,700 - $1,395.75 = $304.25/month in cash flow.Return on Investment:Cash Invested After Refi: About $18,385 (after paying off HML and closing costs).Annual Cash Flow: $304.25 * 12 = $3,651Cash-on-Cash Return (CoC): $3,651 / $18,385 = 19.8%I didn’t account for maintenance costs since it’s a full gut rehab, and everything is brand new.

Having a vacancy costs money!

Taxes are high in TX with real estate, so put more money down to create some cash flow.

I spent a lot of time and money to learn how to structure seller financing deals.

Where would a PMC get the extra money to hire more staff?

Hey @Divine Nasikpo,If you have limited cash or assets, there are still ways to start earning in real estate:Wholesaling: While there are mixed opinions, wholesaling can be done with minimal money.

If so you should be able to cancel but if you are doing it out of the inspection period you are stuck and could run the risk of losing your earnest money if you put any down. 

I agree that with one property you can just use OTA pricing tools.  5 mins a day for adjusting and you will save money and do it yourself.

You might consider hard money for the initial purchase or going with a DSCR type lender if you find something that is more turnkey.Hey!

They dumped a lot of money into their experiences category and it failed, they will likely fail ago IMHO.