I understand looking for positive cash flow is a good proxy to avoid making bad deals when you’re a beginner, but if you’re careful in your estimates and run the numbers properly, I would believe you can still enjoy a decent return on your property even if your initial cash flow is inexistent.Let’s take the example of a zero-CF property (i.e. it’s zero after opex, capex, vacancy, PITI, property management etc..) in the following situation: I put down 20% as down payment for a 30 years loan, at 4.5%The property doesn’t appreciate over the years and I sell the property after 30 years for the same priceI incur 5% closing costs at purchase, and 5% selling cost when exitingI assume no inflation (hence selling price = acquisition price)In this context, my IRR would be 4.55%.

Anyone care to share their experiences?  

Great looking rehab project @Stephen Herbert - I love seeing the before and after pics because it helps me visualize the end product when I'm looking at property.How did you select the specific staging company?

I've found that for tile, the big box retailers Lowes and HD have a smaller selection from what's on display but are much cheaper than the specialty stores for a similar quality of flooring. 

Usually we would like to think that nothing will ever go that wrong but in fact they often do and far more often that we would care to admit. 

Be careful getting a loan in your name and transferring it to your LLC.

Is there anything to specifically look for or be careful of?

Painting with the right stuff is really took care of the smell.

The government could care less what they do regarding landlords.

Take care!