Like most places with growth though, it's hard to find properties to cash flow given interest rates etc. 

Purchase price: $550,000 Cash invested: $145,000 Sale price: $915,000 This was a home run for a long term (5 years) buy & hold investment property (I specialize in this area). - Initial investment of $145K (DP+closing)- It had one tenant for 5 years and 3 months (no turnover), and the tenant paid off the mortgage and expenses in those 5 years.- I spent around $30K to do upgrades before selling.- Sold it for $915K after 5.5 years (received $442K at the closing)- Did 1031 exchange and bought 8 SFH in NE & AL worth of 1.6M (brings $4k/months income now) What made you interested in investing in this type of deal?

Start by networking with investor-friendly lenders, analyzing deals for cash flow, and connecting with local investors for insights.Good luck!

I'm very new to this and would love to get your thoughts on this and are there any downsides to the process? What kind of documentation I need to get so I don't lose my capital.A neighbor of mine came with this ask of...

I have always used an excel spreadsheet to track/categorize all my purchases and then sent it to my accountant to prepare my taxes.

Quote from @Steve Vaughan: I haven't bought into a syndication ,  but I will name drop a couple proven, tested ones I'd consider first if I went that route, if I could even get in /if they had an offering:  @J Scott of Bar Down Investments and @Brian Burke of Praxis CapitalBoth have written excellent books as well as posted and blogged about how to vet sponsors if you want to do further research.   

They want the cash flow now but aren't worried about the side effects of the quick fix or lower tier asset.

If you're looking for ways to accelerate, consider these options:Seller Financing – Some sellers may finance a portion of the purchase price, reducing your need for a large down payment.DSCR Loans – These loans focus on property cash flow rather than personal income, often requiring only 15% down.Private Money Lenders – If you can find a PML willing to work with you, you may be able to put less down.Partnerships – If you’re open to splitting profits, you could bring in a partner who funds the down payment.Since you’re okay with the slower path, just keep stacking cash, but these might be worth exploring to move faster!

Most agents will need you to provide a pre-approval from a bank or a proof of funds.As far as strategies, depending on the market, off-market deals generally go to investors using cash or hard money. 

Our team has analyzed every zip code in the US and Durham, Maricopa (the city), and parts of Raleigh have the best chances from the places you listed but would still be very challenging to cash flow these days.